Eskom making good progress towards stability – CEO Brian Molefe

Eskom released its annual results on Tuesday.

Net income increased to R11.3 billion in the six months to the end of September.

The state-owned company said it has made significant strides in key areas of the business, a move that has placed the company on a path to operational and financial stability.

The Money Show’s Bruce Whitfield interviewed Eskom CEO Brian Molefe.

Scroll down for quotes from the audio below.

We’re not out of the woods yet. There is still a risk of load shedding.

Brian Molefe

Once the Medupi Unit 5 comes on line I think load shedding will be a thing of the past.

Brian Molefe

Unit 6 is stable and performing very well.

Brian Molefe

We will be using coal for a while in South Africa. It’s the second-cheapest, after nuclear.

Brian Molefe

Over time renewables will give us better, cheaper energy.

Brian Molefe

It will cost us a trillion rand to build a nuclear power station with a lifetime of 60 to 80 years.

Brian Molefe

Koeberg is the cheapest source of electricity for us.

Brian Molefe

Our ideal is to rely less on Government.

Brian Molefe

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