Despite significantly improved performance, three issues are still keeping Eskom’s leadership team awake at night.
Eskom’s huge debt pile, inability to collect billions in revenue from municipalities and rampant illegal connections keep chairman Mteto Nyati and the utility’s management team awake at night.
This reliability is key as it enables greater predictability regarding Eskom’s performance and avoids the wild swings in load-shedding seen last year. He also mentioned that the major problem at Eskom has been the lack of leadership and management in recent years. Eskom managed to keep its average unplanned capacity losses to 12.4 GW during Winter, far lower than the 15.5 GW likely scenario it presented at the time.
Eskom is also still plagued with corruption and criminality despite sabotage being effectively dealt with at the utility. Eskom has struggled to meet some of the conditions attached to this debt relief programme, resulting in it missing out on billions more from the government. “To give you the magnitude of the problem, if we don’t resolve this problem, our projection is that at the current rate, by 2050, Eskom will be owed R3.1 trillion. Eskom will collapse. Generation capacity is going to be compromised. So, it’s important that we resolve this question.”
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