Date: Sep 20, 2018
Power Utility Eskom has said that it plans to fulfil its commitment made to stakeholders to develop and approve its long-term strategic plans by the end of September 2018.
Post the Board’s appointment, the Eskom management team presented the Strategy Journey map to the Board in March 2018 after which work commenced on the strategy review in April 2018.
The strategy review was initiated internally to develop a new path for Eskom towards 2035.
To ensure that work developed by the internal work-streams is stress-tested and aligns with global trends, Eskom enlisted the services of the Boston Consulting Group (BCG) as a strategic partner to support the development and delivery of the strategy.
Following the commencement of the work in late August 2018, it has become apparent that the September deadline initially targeted for the completion of the strategy will not be achievable.
This is due to a number of factors, including, but not limited to the delay in the appointment of a permanent Group chief executive; protracted labour negotiations; and the timing of the announcement of the final Integrated Resource Plan (IRP) as one of the key elements that will inform the strategy.
