Eskom chairman says utility's better performance isn't a fluke | Business

On Friday, Eskom Generation Executive Eric Shunmagum told reporters that a series of winter storms over the past week had helped offshore wind plants boost their output, which also reduced outages.

The rand has gained 4.3% against the dollar over the last five days, the third-best performance globally, data compiled by Bloomberg show, in part due to the easing of the power crisis. Still, Eskom's so-called energy availability factor level remains below the 64% its board had targeted by this juncture and needs to be more sustained.

The chairman expects Eskom to turn a corner by 2025 and that the energy availability factor could potentially rise to 70% by then. The board is also working on a longer-term strategy for the company, dubbed the Eskom 2035 benchmark process.

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