The National Energy Regulator of South Africa (NERSA) responded to social media critics who claim that Thembani Bukula, the Chairperson, has vested interests in the energy sector that could influence his decisions.
NERSA approved an 18.65% electricity tariff hike for this year and a 12.74% increase for the 2024/2025 financial year. The decision was heavily criticised on social media. The regulator called the social media claims incorrect and misleading.
“The Chairperson of NERSA, Mr Thembani Bukula, is not conflicted. He resigned from his position as Non-Executive Director of Mahube Infrastructure upon his appointment as NERSA Chairperson,” said the regulator in a statement on Saturday, 14 January.
The regulator said the law requires every part-time regulator member (board member) to disclose their pecuniary interest in any company in the electricity, piped-gas and petroleum pipelines industries to the Minister of Mineral Resources and Energy.
NERSA said Bukula declared his interests to the Minister before assuming the position.
“Lastly, in accordance with the law, there is no pecuniary interest that Mr Bukula stands to benefit pursuant to all decisions taken by the Energy Regulator.”
The NERSA board is made up of nine members that make decisions on applications submitted by licensees, including Eskom.
The regulator stressed that the decisions made are based on analysis of the application submitted and facts and evidence presented.
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