Jabu Mabuza resigns as Eskom chair
JOHANNESBURG - President Cyril Ramaphosa has announced the resignation of Jabu Mabuza as the chairperson of the board of Eskom.
In a statement released by the Presidency, Ramaphosa noted that Mabuza had tendered his resignation on Friday 10 January 2020.
"In his resignation letter Mr Mabuza apologised for Eskom’s inability to meet the commitment it made to the President and Deputy President at a meeting on 9 December 2019 to avoid load shedding over this period.
"At this meeting, Eskom presented plans to ensure that the risk of loadshedding would be eliminated during the holiday period. Eskom also outlined the risks affecting the national grid.
"As the Minister assigned responsibility for Eskom, Public Enterprises Minister Pravin Gordhan has accepted Mr Mabuza’s resignation. President Ramaphosa has expressed his gratitude to Mr Mabuza for serving Eskom and the nation during a challenging period and has commended Mr Mabuza for taking responsibility and accepting accountability for events under his leadership."
The statement added that government continued to support the measures being taken by Eskom to restore reliable electricity supply as a matter of priority, and was proceeding with measures to introduce new generation capacity – including self-generation – in the shortest possible time.
"In the wake of Mr Mabuza’s resignation, Government will soon announce a re-configured Eskom board with the appropriate mix of electricity industry, engineering and corporate governance experience."
This article first appeared on EWN : Jabu Mabuza resigns as Eskom chair
It’s game time, Mzansi, says legend-of-legends John Kani. Arabile Gumede interviews advertising expert Andy Rice.Read More
Gold is glittering. Arabile Gumede asks Izak Odendaal (Investment Analyst at Old Mutual Wealth) to tell us more.Read More
What is Robinhood? Why is Tesla booming? Arabile Gumede interviews Paul Theron, potty-mouthed MD of Vestact Asset Management.Read More
SAA is dead! Long live SAA? Arabile Gumede interviews Guy Leitch, Managing Editor at SA Flyer Magazine.Read More
The economy is shedding jobs – but not in agriculture, says Roux Wildenboer, Head of Agriculture at Absa.Read More
Arabile Gumede interviews actress Dineo Moeketsi (Langa) about her attitude to money and beliefs about it.Read More
The Foschini Group is offering to buy 371 JET stores. The Money Show's Bruce Whitfield interviews portfolio manager Evan Walker.Read More
Why "quantitative easing" can’t work in South Africa, according to Nazmeera Moola (Head of SA Investments at Ninety One).Read More
Bruce Whitfield interviews reps from the Restaurant Association Of SA, Business Unity SA and the National Liquor Traders Council.Read More
Concerns have been raised over the impact of booze on trauma admissions since the ban on sales was lifted in June.Read More
Last month, Fita lost its application to the court after arguing that tobacco products should be considered essential goodsRead More
The power utility has confirmed that it will implement stage 2 loadshedding from 2pm on Wednesday.Read More
The power utility says the rolling power cuts are likely to continue until 10pm tonight.Read More
The number of recoveries in South Africa so far is 146,279. The total number of tests conducted to date is 2.232,738.Read More
The couple are in isolation and the minister, who received his results earlier on Tuesday, will continue to work from home.Read More
Reatlile Blessing Tolo has been left wounded after she was viciously attacked by pit bulls.Read More
KwaZulu-Natal secretary Mandla Shabangu says the stigmatisation around the virus may be contributing to the problem.Read More
Spokesperson Wayne Minnaar says four were arrested on Allendale Road just before midnight busy consuming alcohol.Read More
The R153m draw took place on 10 July 2020. Ithuba's Busisiwe Msizi says buying tickets online has become popular.Read More