Eskom Chair Mteto Nyati on fixing SA’s power utility

South Africa's power utility Eskom has been facing a range of challenges, from financial debt to organizational culture issues and instability in leadership. In an exclusive interview with CNBC Africa, Mteto Nyati, Chairperson of Eskom, shed light on the progress made by the board in addressing these challenges and charting a path towards a more efficient and reliable power supply. Nyati highlighted the importance of a comprehensive approach, focusing on both technical and cultural aspects of the organization to ensure long-term solutions. The board identified systemic issues such as financial debt, dysfunctional organizational culture, criminality, unreliable operations, and leadership instability, and embarked on a journey to tackle these obstacles. Nyati stressed the need for accountability, discipline, and adherence to standard operating procedures to instill a culture of excellence within Eskom. The board has also implemented artificial intelligence to address criminality and corruption within the organization, leveraging technology to identify and address unethical behavior. Nyati provided an update on the progress of the generation turnaround plan, highlighting the successful restoration of power stations and a significant reduction in unplanned outages. While challenges remain, including the need to further reduce maintenance levels, Nyati expressed optimism about Eskom's future and the importance of private sector participation in funding future infrastructure projects. The interview underscored the board's commitment to transparency, efficiency, and sustainable solutions in transforming Eskom into a more resilient and reliable power utility for South Africa.