Press Nest Africa

Menu
  • Home
  • News
  • Business
  • Political Press
  • Government
  • NGOs
  • BRICS Forum
  • Voices / Opinions

Leadership transition at the National Transmission Company South Africa (NTCSA)

Africa Biz Watch by Africa Biz Watch
May 8, 2025
Loss before tax for the 2024 financial year improves by R9 billion to R25.5 billion; NTCSA separation triggers once-off accounting adjustment leading to loss after tax of R55 billion; profit forecast for the 2025 financial year due to improved performance.
Share on FacebookShare on Twitter

RelatedPosts

Young innovators earn massive prizes at Eskom Expo International Science Fair

Power system remains stable with a reduction in unplanned outages sustained, further improving plant reliability and energy security

Government shutdown hasn’t left consumers glum about the economy – for now, at least

NY AG Letitia James charged with mortgage fraud – a crime seldom prosecuted and rarely resulting in prison

Thursday, 08 May 2025: The National Transmission Company South Africa (NTCSA) has announced that Segomoco Scheppers, the Interim Chief Executive Officer (ICEO) for the NTCSA, will conclude his secondment and return to Eskom Holdings. Mr. Scheppers was seconded to lead the transition and operationalise the NTCSA business in July 2024 due to his extensive experience in the Transmission Division, having joined Eskom in 1993.

He served at the NTCSA while the executive search process was underway to appoint a permanent Chief Executive Officer (CEO) for the subsidiary. Although Scheppers was shortlisted for the permanent role, the NTCSA Board has not yet identified the candidate to lead the business into its next phase. The NTCSA and Eskom Holdings Boards are committed to expediting the executive search and securing the appointment of a CEO who will navigate the complexities of operating in a competitive energy market.

A formal announcement will be made in due course regarding the appointment of an ICEO of NTCSA to maintain the continued execution of the strategy, including bringing an accelerated Transmission Development Plan (TDP), ongoing operational unbundling activities as required by legislation and establishing a fair, competitive market for electricity.

“We owe Segomoco a huge debt of thanks for the skills he brought to bear to take the transmission business to a point of separation and creating the NTCSA as a wholly owned subsidiary of Eskom Holdings. The NTCSA serves as an important catalyst in the country’s evolving energy supply industry and ending the vertical integration business model for the benefit of consumers,” said Priscillah Mabelane, NTCSA Board Chairperson.

“He played a critical role in delivering the NTCSA that is designed to provide the benefits of the Electricity Regulation Amendment Act (ERAA), that paves the way for the necessary reforms in South Africa’s electricity sector, including the establishment of a competitive electricity market that will contribute meaningfully to South Africa’s energy security and inclusive economic development,” concluded Mabelane.

For media enquiries, please contact NTCSA Media Desk: [email protected]

For Eskom-related media enquiries, contact the Eskom Media Desk: [email protected]

ENDS

Source link

Related Posts

South African young scientists impress judges at Türkiye science fair

Young innovators earn massive prizes at Eskom Expo International Science Fair

October 10, 2025
Loadshedding remains suspended for 10 months on Sunday, diesel usage remains below year-to-date budget

Power system remains stable with a reduction in unplanned outages sustained, further improving plant reliability and energy security

October 10, 2025
Government shutdown hasn’t left consumers glum about the economy – for now, at least
News

Government shutdown hasn’t left consumers glum about the economy – for now, at least

October 10, 2025
Does anyone go to prison for federal mortgage fraud? Not many, the numbers suggest
News

NY AG Letitia James charged with mortgage fraud – a crime seldom prosecuted and rarely resulting in prison

October 10, 2025
Trump is cutting funding to universities with large Hispanic student populations – here’s what to know
News

Trump is cutting funding to universities with large Hispanic student populations – here’s what to know

October 10, 2025
South African young scientists impress judges at Türkiye science fair

Young scientists celebrated at Eskom Expo International Science Fair

October 10, 2025
Global partnerships must empower Africa, not replace dependency – President Ramaphosa
News

Global partnerships must empower Africa, not replace dependency – President Ramaphosa

October 9, 2025
President Ramaphosa hails Ireland’s stand on Gaza
Government

President Ramaphosa hails Ireland’s stand on Gaza

October 8, 2025
Next Post
VinFast signs new dealer agreements in France and Germany, further expands dealership network in Europe

VinFast signs new dealer agreements in France and Germany, further expands dealership network in Europe

Vingroup and the Rise of the ESG Ecosystem

Vingroup and the Rise of the ESG Ecosystem

Bee Choo Origin Strengthens CSR Efforts with Electric Van Donation to NKF

Bee Choo Origin Strengthens CSR Efforts with Electric Van Donation to NKF

Trend Micro Delivers AI-Powered Threat Detection with AWS Infrastructure Support and NVIDIA Integration

Trend Micro Delivers AI-Powered Threat Detection with AWS Infrastructure Support and NVIDIA Integration

Hong Kong Civil Claim Centre (hkcivilclaim.com) Officially Launched to Provide Comprehensive Information on Work Injuries and Civil Claims

Hong Kong Civil Claim Centre (hkcivilclaim.com) Officially Launched to Provide Comprehensive Information on Work Injuries and Civil Claims

Recommended.

HKSTP Launches GreenTech Hub Solidifying Hong Kong as an International Leading Green Technology and Finance Hub

HKSTP Launches GreenTech Hub Solidifying Hong Kong as an International Leading Green Technology and Finance Hub

March 11, 2025
CUHK Faculty of Law: Pioneering Legal Education with Global Impact and Research Excellence

CUHK Faculty of Law: Pioneering Legal Education with Global Impact and Research Excellence

May 30, 2025

Trending.

No Content Available

Publish News, Boost Your PR, SEO, and Business Exposure with SagloMedia's Dedicated Brand Sections

Discover More

News Publications

  • EBNewsDaily
  • South African Business News
  • BetsBulletin SA
  • PressNest
  • EconoNews
  • AfricaBiz Watch

Listing Directories

  • MySouthy
  • BizFinder Directory
  • ListBig
  • SA Companies
  • OutingPlace
  • Rental Kings

Quick Links

  • Home
  • Advertise
  • Publications
  • Company News
  • Privacy Policy
  • Copyright & Takedowns

SagloMedia

  • About us
  • Careers
  • Student Program
  • RSS Feeds
  • Press Code
  • Contact Us

Get In Touch

  • info@saglomedia.co.za
  • Tel: +27 10 880 3950
  • WhatsApp: +27 10 880 3950
  • Johannesburg, South Africa
  • SagloMedia
  • www.saglomedia.co.za
Copyright © 2025 | SagloMedia

Saglohost Web Hosting | Web Hosting South Africa | Web Design Johannesburg | Web Design South Africa | Saglotech | Web Design Company | SEO Company South Africa | SEO Company Johannesburg