Only a 'special kind of person' would want to lead SAA and Eskom

FILE: Eskom CEO Phakamani Hadebe briefs the media on the power utility's financial standings. Picture: Kayleen Morgan/EWN

How hard will it be to fill those positions? The answer is ‘very hard’… It’s a special kind of person; it’s not for everybody…

Andrew Woodburn, MD - Amrop Woodburn Mann

Last week on Wednesday South African Airways (SAA) CEO Vuyani Jarana resigned.

His resignation came less than a week after Eskom CEO Phakamani Hadebe did the same.

It's quite clear that both Eskom and SAA CEO resignations are going to put a big dent in President Ramaphosa's promises, locally and globally.

Iraj Abedian (economist)

The Money Show’s Bruce Whitfield interviewed Andrew Woodburn, Managing Director at Amrop Woodburn Mann.

Woodburn discussed what is likely to go into recruiting new CEOs for the two beleaguered state-owned companies, and how hard it will be to find sound Chief Executives to replace Jarana and Hadebe.

Listen to the interview in the audio below (and scroll down for more quotes from it).

We have in South Africa a number of executives who love nothing more than a challenge…

Andrew Woodburn, MD - Amrop Woodburn Mann

The washing is on the line. Nothing is hidden… You understand you’re in a hole…

Andrew Woodburn, MD - Amrop Woodburn Mann

There will be many ‘no thank yous’ and giggles…

Andrew Woodburn, MD - Amrop Woodburn Mann

Notice periods at this level can stretch to 12 months… Boards should be steeling themselves…

Andrew Woodburn, MD - Amrop Woodburn Mann

The key is deep experience… an individual… who can talk truth to power… You’ve got to get the financials right. You’ve got to get the operations right…

Andrew Woodburn, MD - Amrop Woodburn Mann

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
'Emigration is draining skills, destroying the future of South Africa’s economy'

'Emigration is draining skills, destroying the future of South Africa’s economy'

Small business guru Pavlo Phitidis shares shocking anecdotes and advises business owners on how to address this challenge.

Patrice Motsepe’s ARC and Sanlam take on Old Mutual with new entry-level insurer

Patrice Motsepe’s ARC and Sanlam take on Old Mutual with new entry-level insurer

"Particularly at the lower end... they’ve been oversold funeral [cover]," says African Rainbow Life CEO Bongani Madikiza.

SA’s many badly-behaved insurance companies facing the wrath of the ombudsman

SA’s many badly-behaved insurance companies facing the wrath of the ombudsman

Consumer Journalist Wendy Knowler discusses the angry-sounding ombudsman for long-term insurance’s 2018 annual report.

13 tips for saving hundreds (nay, thousands!) of rands each month

13 tips for saving hundreds (nay, thousands!) of rands each month

The economy is toast. Personal finance expert Warren Ingram shares 13 highly effective tips for making ends meet.

How to retire while you’re still young(ish)

How to retire while you’re still young(ish)

If you do things differently, it’s possible stop working far earlier than you ever thought possible, says Warren Ingram.

‘Money makes you ugly! If it was no object, I’d give it away!’

‘Money makes you ugly! If it was no object, I’d give it away!’

The Money Show’s Bruce Whitfield interviews Professor Jonathan Jansen about his attitude to money and beliefs about it.

Popular articles
'Ramaphosa is an a spot of bother'

'Ramaphosa is an a spot of bother'

News24 editor-in-chief Adriaan Basson says the president's campaigners should never have asked Bosasa for a donation.

Mbube copywright: 'A lump sum of royalties would be paid to Linda family'

Mbube copywright: 'A lump sum of royalties would be paid to Linda family'

Spoor & Fisher consultant professor Owen Dean explains the outcome of the copyright infringement case against Disney.

[VIDEOS AND PHOTOS] SANDF troops finally roll into the Cape Flats

[VIDEOS AND PHOTOS] SANDF troops finally roll into the Cape Flats

Residents were out on the streets to watch the troops arriving in Manenberg and Hanover Park on Thursday afternoon.

You made a huge mistake downloading FaceApp if your privacy is important to you

You made a huge mistake downloading FaceApp if your privacy is important to you

Washington Post technology columnist Geoffrey A. Fowler did a forensic analysis of the Russia-based app. Check it out.

How to buy a new car even if you don’t really have enough money for it

How to buy a new car even if you don’t really have enough money for it

South Africans are increasingly buying cars they can’t afford using balloon payments, says consumer journalist Wendy Knowler.

[2018] Jesse Clegg (son of Johnny) opens up about money and growing up on tour

[2018] Jesse Clegg (son of Johnny) opens up about money and growing up on tour

[From the archives] Jesse Clegg talks about his famous father and attitude to money (hopes and fears, successes and failures...).

Investigators find serious corruption at EOH

Investigators find serious corruption at EOH

A probe found "suspicious transactions" worth R1.2bn, bribery and theft. Bruce Whitfield interviews EOH CEO Stephen Van Coller.

I decided to make this Rihanna song with my maskandi vision - Mbuzeni Mkhize

I decided to make this Rihanna song with my maskandi vision - Mbuzeni Mkhize

After South African star Mbuzeni Mkhize performed a remix of Rihanna's track 'Diamonds' she contacted him to collaborate with her.