Eskom needs a 'strategic change'
Public Enterprises Minister Lynne Brown says Tshediso Matona has insight into govt's plans for Eskom.
CAPE TOWN - Public Enterprises minister Lynne Brown says Eskom needs a strategic change in direction for it to function more effectively.
Earlier today, Brown announced Cabinet had approved Tshediso Matona's appointment as the parastatal's new Chief Executive.
Brown says Matona has insight into government's plans for Eskom.
"He has a clear understanding of which way government would like to go. He understands the present debates that are raging in our environment."
Eskom's facing a multi-billion Rand funding gap and Brown says government is looking at measures to deal with this.
"There are also issues of guarantees. There's a whole range of financial possibilities."
Recent media reports suggest government is considering inviting private-sector capital to help bridge the funding gap.
Brown says Matona is familiar with Eskom's problems.
"There has to be a strategic change in direction in Eskom for it to work more efficiently and a lot more effectively and this is what I trust Matona will be taking us forward to."
She says Matona has been involved in providing oversight to Eskom and the other companies in the department's portfolio for the past three years.
Brown says Matona is expected to start work in September after his salary package has been finalised
Matona, who also served as Director General of Trade and Industry, cut his teeth in government as a trade negotiator in Geneva at the World Trade Organisation.
He succeeds Collin Matjila who was appointed shortly after Brian Dames stepped down.
Dames resigned in December after a 26-year career at the parastal and four years as CEO,
as pressure mounted over the escalating budget and perpetual delays at the Medupi Power Plant.
He was appointed CEO of Eskom Holdings on 1 July, 2010.