Phakamani hadebe
Andre de Ruyter announced as new Eskom CEO
Public Enterprises Minister Pravin Gordhan made the announcement on Monday.
Eskom incurred a loss of R20.7 billion and amassed debt of R440 billion.
Public Enterprises Minister Pravin Gordhan made the announcement at Megawatt Park, in Johannesburg, during the results announcement on Tuesday afternoon.
Eskom's management has been briefing the media on the state-owned enterprise's annual financial results on Tuesday afternoon.
Public Enterprises Minister Pravin Gordhan announced that Eskom board chair and CEO Jabu Mabuza would hold the dual role for the next three months following the resignation of Phakamani Hadebe in May.
Public Enterprises Minister Pravin Gordhan announced on Monday that Jabu Mabuza would play a dual role for three months while Eskom looks for a permanent CEO.
The presidency says the meeting was meant to hear the views of the executive leadership at the parastatals on the challenges they face in implementing their mandates.
ANC Secretary General Ace Magashule says its deployees in government will now be closely monitored.
Since becoming president in February 2018, Cyril Ramaphosa has pledged to woo investment, create jobs and tackle deep-rooted corruption.
The Organisation Undoing Tax Abuse (Outa) maintains that South African Airways (SAA) cannot continue as a fully government-owned entity.
Economists said that Public Enterprises Minister Pravin Gordhan must answer why the trust levels around the turn around strategies for SOE's are diminishing.
Jarana, who tendered his resignation to the SAA board last week, is expected to serve out a three-month notice period.
Jarana recently raised concerns that legislation was stifling the airline’s competitiveness, making it difficult to compete in the market.
Eskom CEO Phakamani Hadebe announced he was stepping down on Friday, saying the job had taken a toll on his health.
Eskom CEO Phakamani Hadebe announced his resignation on Friday, saying it was for health reasons.
Energy analyst Chris Yelland predicted that Eskom is expected to report a R20 billion loss for the 2018/19 financial year which ended in March.
Eskom announced that Phakamani Hadebe will be leaving his position at the beginning of July this year due to health reasons.
Energy analyst Chris Yelland says Hadebe's resignation comes at a critical time for Eskom.
Phakamani Hadebe was permanently appointed to the position just a year ago after being recommended by the company’s board.