South Africa - 02

South Africa: Eskom After Molefe’s Departure

Eskom CEO Brian Molefe’s surprise resignation on 11 November will bring a new period of instability to the company. Given Eskom’s influence over energy policy and its expected role as the single purchaser of power in the IPP program, this is a negative development for IOCs. While Molefe’s departure represents an opportunity for Eskom to reposition itself on various issues, including its hostility toward IPPs, this is unlikely. Much will depend on Molefe’s replacement, but Eskom’s head of generation Matshela Koko is a strong candidate who will not depart from Molefe’s agenda.

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