Business · South Africa
Eskom must invest in renewables to survive, says Mteto Nyati
TechCentral · 2026/03/20
Summary
Eskom’s chairman, Mteto Nyati, has emphasized the importance of the company building renewable energy sources for its survival. Eskom is launching a new renewables division to focus on clean energy projects. This move is essential because relying on traditional power sources like coal is unsustainable and poses risks to Eskom’s future. With South Africa’s growing energy needs and the global shift toward cleaner energy, Eskom’s investment in renewables can help stabilize the electricity supply and reduce environmental damage. This transition might also open up new opportunities for partnerships and funding in the green energy sector. However, the success of this strategy depends on strong management, enough investment, and government support to speed up the transformation.
OnABudget takeaway: This shift to renewable energy by Eskom could mean more reliable power and possibly better electricity prices in the long term, which benefits consumers and small businesses. Investors might also find new opportunities in South Africa’s growing green energy market.