Eskom is 'absolutely the worst CEO job in South Africa'
Public Enterprises Minister Pravin Gordhan on Monday announced that Andre de Ruyter has been appointed as the chief executive officer for Eskom.
De Ruyter, who is currently the CEO of packaging group Nampak, will take over from Phakamani Hadebe who resigned earlier this year.
Speaking to Bongani Bingwa Business Times contributing editor and former Eskom spokesperson Hilary Joffe.
I do hope that De Ruyter knows what he is in for and the fact that he has not been part of any speculationsHilary Joffe, Contributing editor - Business Times
Joffe adds that this is only a concern in that he may have not done due diligence on Eskom.
One does hope that he knows what he is in for as this is the absolutely worst CEO job in South Africa.Hilary Joffe, Contributing editor - Business Times
Eskom's challenges are the country's challenges and fixing Eskom means fixing its operational challenges, she notes.
Unless we can fix Eskom, we can't get a taste of economic growth in the country. The power utility needs someone who has a strong turnaround experience. He is going to need the backing from the board and shareholders to appoint his new team.Hilary Joffe, Contributing editor - Business Times
She says unless the CEO can fix the debt problem at Eskom, the utility has no prospect of financial success.
Listen below to the full conversation:
Health Minister Zweli Mkhize says the focus is on the establishment of committees at ward level and to also tackle the stigma.Read More
Bruce Whitfield interviews reps from the Restaurant Association Of SA, Business Unity SA and the National Liquor Traders Council.Read More
Liquor Traders Association of SA's Sean Robinson and Gauteng Liquor Forum's Fanny Mokoena reflect on liquor ban.Read More
Wits School of Governance's professor Alex van den Heever unpacks the latest restriction by the President Cyril Ramaphosa.Read More
President Cyril Ramaphosa said on Sunday he was concerned that South Africans were downplaying the seriousness of the pandemic.Read More
Ramaphosa addresses the nation this evening on developments in SA's risk-adjusted strategy to manage the spread of COVID-19.Read More
Provincial health department head Dr Thobile Mbengashe is adamant that these scooters were never meant to be ambulances.Read More
The company that got the R10 million tender's Brian Harmse sheds light on the controversial project.Read More
Clement Manyathela chats with former minister Malusi Gigaba in a new feature called #HangingOutwithClement.Read More
RMB CEO James Formby says if the country doesnt control its debt, it will find itself in an economic quagmire.Read More