Eskom board fees increased from R5.9 million to R22.4 million in 5 years
Eskom promised to cut costs to make electricity more affordable, but the people managing the company increased their own pay by 277% over 5 years.
This was revealed by Eskom’s annual reports over the last five years, which showed the fees paid to non-executive directors.
Eskom explained that its non-executive directors receive a fixed monthly fee, guided by its shareholder, the government.
The non-executive directors of the board are also reimbursed for expenses incurred in fulfilling their duties.
In 2021, the total remuneration for non-executive directors on the Eskom board was R5.945 million. It declined to R5.274 million in 2022.
On 1 October 2022, former Public Enterprises Minister Pravin Gordhan reconstituted the Eskom board to restore governance, operational stability, and strategic direction.
“The new Eskom board brings broad experience, expertise and skills that will provide stability and strategic direction to the entity,” Gordhan said.
The new Eskom board was tasked with addressing loadshedding issues, procurement, eliminating corruption, and ensuring a reliable energy supply.
Mteto Nyati was appointed as the chairman of the Eskom board on 1 November 2023, succeeding Mpho Makwana.
Between the 2022 and 2025 financial years, the total remuneration for non-executive directors increased significantly.
In 2022, the directors were paid R5.3 million. This increased to R7.9 million in 2023 and to R12.2 million in 2024.
The biggest increase came in the 2025 financial year, when payments to non-executive directors rose to R22.4 million.
This means that over the last four years, remuneration for Eskom’s board members has increased from R5.3 million to R22.4 million.
Eskom chairman Mteto Nyati paid R2.7 million
The higher fees saw Eskom chairman Mteto Nyati’s remuneration increase from R1.4 million in 2024 to R2.7 million in 2025.
Other non-executive directors also enjoyed significant increases. Leslie Mkhabela’s remuneration, for example, increased from R823,000 to R1.8 million.
The lowest-paid non-executive director on the Eskom board was paid R1.775 million, and 5 of the 11 members were paid more than R2 million.
Notably, the Eskom board and its committees held fewer meetings in 2025 than in 2024. In 2025, it held 78 meetings, significantly lower than the 94 in 2024.
The power utility said that the 78 meetings exceeded the number of meetings approved by the shareholder.
“The significant number of ad hoc meetings attended without remuneration reflects the commitment of the board and its committees,” it said.
This, it said, was needed to adequately address governance requirements and respond to heightened governance demands.
It added that the year-on-year increase in non-executive director remuneration reflected the change in the remuneration structure applied in the 2025 financial year.
Eskom explained that this new remuneration structure aligned directors’ fees with actual work performed.
The table below shows the payment increases to Eskom’s non-executive directors over the last year.
| Eskom Board | 2025 | 2024 |
| Mteto Nyati (chairman) | R2.724 million | R1.358 million |
| Leslie Mkhabela | R1.832 million | R0.823 million |
| Fathima Gany | R2.352 million | R1.081 million |
| Lwazi Goqwana | R1.775 million | R0.754 million |
| Clive le Roux | R2.237 million | R1.061 million |
| Ayanda Mafuleka | R1.832 million | R0.820 million |
| Dr Tsakani Mthombeni | R1.832 million | R0.849 million |
| Bheki Ntshalintshali | R1.775 million | R0.873 million |
| Tryphosa Ramano | R2.006 million | R1.018 million |
| Dr Busisiwe Vilakazi | R1.832 million | R0.881 million |
| Dr Claudelle von Eck | R2.199 million | R1.058 million |
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Look at those 3 stooges smiling in the photo while they fleece the taxpayer.
What irks me the most is in a few months they will go to Nersa hat in hand looking for rate increases. They are going to say their expenses far exceed what they get in. They need higher electricity rates.
Stuff the fact that they are spending taxpayer money like it is water. And of course zero responsibility to South Africans who will suffer because everything becomes more expensive when electricity prices go up.
That bloody fat-cat Mteto makes out as if he is some type of hero. But he is the direct cause of the suffering of South Africans, he’s got zero social responsibility and zero conscience.