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Eskom is 'absolutely the worst CEO job in South Africa'

19 November 2019 7:51 AM
Tags:
Eskom
CEO
andre du ruyter

Business Times contributing editor and former Eskom spokesperson Hilary Joffe comments on new CEO Andre de Ruyter's appointment.

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.

RELATED: Eskom board 'firmly' behind appointment of new CEO, Numsa says it's a setback

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 speculations

Hilary 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:


19 November 2019 7:51 AM
Tags:
Eskom
CEO
andre du ruyter

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