Eskom Meets Business Leaders in South Africa to Discuss Potential Electricity Supply Solutions

Published on: 01 August 2022
by KnowESG
tinywow upscale 3929623

Eskom met with Chief Executive Officers (CEOs) and top leadership from over 70 corporate institutions in a session led by the Johannesburg Stock Exchange (JSE) and Business Leadership South Africa (BLSA) to resolve electricity supply solutions.

The engagement is part of Eskom's ongoing efforts to identify sustainable solutions to the power supply issues with affected and interested parties.

Eskom Group Chief Executive André de Ruyter said: 

"The purpose of the discussions was to identify initiatives where the parties can collaborate and plant the seeds of opportunity to leverage private sector investment capacity and harvest the low-hanging fruit in the electricity industry."

The active participation of South Africa's top companies listed on Africa's largest stock exchange, as well as those unlisted enterprises serving the South African market, are pivotal to the confidence-building project. 

During the session, De Ruyter discussed Eskom's plan to address power supply security by boosting capacity and decreasing demand. He urged the leaders of the largest companies and electricity consumers to coordinate their efforts to support the strategy by pursuing investment opportunities and realising savings benefits from the President's reforms in the electricity industry.

Leila Fourie, Group Chief Executive Officer of the JSE, said: 

"We are at a very important inflection point as a country and today we took the opportunity to unpack some of the proposed solutions for business-to-business partnerships in the generation of electricity. President Ramaphosa’s plan literally opens the door for investors and entrepreneurs to provide solutions that can have many other indirect and positive consequences for our country, especially when it comes to creating jobs. We need to work together to address the energy generation challenge to the benefit of all South Africans."

Source: Eskom

For more company-related news