Cabinet has approved a new Eskom Holdings board, which will continue to be chaired by Mteto Nyati, whose term has not expired because his appointment was made a year after the September 2022 appointment of the rest of the previous board members. Minister in the Presidency Khumbudzo Ntshavheni announced the names of the new board members on October 16, while indicating that all appointments remained subject to the verification of qualifications and relevant security clearances.
The South African Nuclear Energy Corporation (Necsa) has reported a net profit after tax of R125.2-million for the financial year to March 31, 2025, while Cabinet has appointed a new board following a recent spate of resignations that left the board inquorate. Addressing the Parliamentary Portfolio Committee on Electricity and Energy on October 15, CEO Loyiso Tyabashe reported that the Necsa Group had also achieved an unqualified audit opinion having failed to do so since 2020/21.
Cabinet has approved the new Integrated Resource Plan for electricity, which is being referred to as ‘IRP 2025’. Minister in the Presidency Khumbudzo Ntshavheni indicated that the plan outlined the mix of generation technologies required to balance supply and demand, while also considering environmental impacts and the cost of electricity.
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