Eskom’s new CEO, André de Ruyter, hopes to regain South Africa’s trust by addressing operational stability at the power utility.
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Eskom has warned South Africans to brace for more frequent power cuts as it halts the deferral of planned maintenance. The rand weakened as a result.
Eskom CEO André de Ruyter said that while he favours letting companies generate their own power, there will be significant initial costs if they are to sell their excess generation into the South African grid.
Eskom CEO André de Ruyter will this week present a draft plan to change how the utility operates, as media reported he’s considering unbundling the utility at a slower pace than envisaged by the government.
Sikonathi Mantshantsha, a fierce media critic of Eskom, has been appointed as the company’s new national spokesman.
Eskom extended power cuts that started on 4 January until Monday after a conveyor belt failure at its Medupi plant – just as Andre de Ruyter officially takes over as head of the cash-strapped company.
André de Ruyter, the incoming head of South Africa’s debt-burdened state power utility, engaged in questionable stock sales while working as a senior executive at Sasol in 2013, according to a forensic audit report.
Government is reviving a so-called energy “war room” to tackle the nation’s electricity crisis, as it brought forward the date when the incoming CEO of the state power utility will start work.
Cabinet has mandated public enterprises minister Pravin Gordhan to engage the newly appointed Eskom chief executive, André de Ruyter, on the possibility on commencing in the role earlier than anticipated.
The financial woes dogging South Africa’s behemoth state power utility show little sign of letting up even as the government grants it massive bailouts.