Eskom CEO André de Ruyter resigned on Wednesday.The resignation of Eskom CEO André de Ruyter was met with alarm by BUSA, investors and economists.
Coovadia said the announcement was not surprising given the"irresponsible comments by some in government and some other sectors" about De Ruyter recently." as it continues to implement load shedding. Constantatos and Canter said that during De Ruyter’s time there was evident success in unravelling some of the state capture and patronage networks around Eskom, and also pursuing recompense.
"[De Ruyter] was seen as a dedicated, intentional pair of hands at the helm of a monster which was intent on fighting him from within, around, and above. The tolerance for escalating load shedding in recent months arose from a belief that there was some leadership at Eskom who had the intent to make decisions and set the ship right.
Coovadia said Busa also called on Ramaphosa to"rise above the issues in the ANC and lead the country in urgently responding to this crisis". Lings said De Ruyter’s departure could be seen as a further weakening of SA’s institutional capacity, adding that this would be a constant concern until someone credible is appointed.
He said De Ruyter's resignation should be a wake-up call for the various departments involved - and all the way up to the cabinet.Kenneth Creamer, economist at the University of Witwatersrand, said the Eskom CEO role was probably the most important job in SA at the moment, and that whoever took up the position must have a wide range of skills and significant support"as many vested interests will be affected in pursuing the national interest".
_Business If they want a blow, they should try to suck my 🍆 and watch it explore.
LungiswaDlunga _Business Mxnfm
_Business Maybe it's time to bring back Brian Molefe to rescue Eskom , Eskom was a well oiled Machine under his regime
_Business Which investors
_Business Hhaibo. Kahleni bo
_Business F O
_Business White tears.
_Business This Rand is Racist mos. There are people who had done far better than de Ruyters yet it never respond. Ooh anyway its the WMC Rand . Almost forget.
_Business Huh
_Business Twaddle disguised as news. The worst ever head of Eskom, worst ever! He presided over the the worst ever commercial criminality of that utility, brazen destruction and you punt this bollocks
_Business Propaganda 🇿🇦
_Business He'll go live in a better country (any country) and live and retire like a king with all the electricity he needs. Black South Africans hate the bad white man more than they do loadshedding.
_Business Tell them to drop the rand whilst they are still at it
_Business He was never an Engineer, so how did the Government expect him to fix Eskom? He's an Accountant who's job it was to look after the financial state of Eskom. We need people who are Engineers that can fix these power stations and service them when it's time to do so
_Business Professional investors 😂😂😂
_Business Business Unit SA has contracts in diesel ⛽️ and IPPs, the very criminals who keep us in the dark and hungry
_Business Lol
_Business White business is not happy becuase Andre De Ruyter gave them lucrative tenders at the expense of black busines.
_Business The fuckers must just go we are unemployed and poor gwa tshwana
_Business Tell the investors and economists I said 'up yours'
_Business Please explain and please take your time …………also tell how he was a wunderkind at his previous Job at Nampak 😉😉 take your time I am waiting ………..
_Business A blow to loadsheading. Things will go back to normal as from today
_Business You should see the headlines when Ramaphosa resign,
_Business How is it a blow to the energy utility when he plunged the whole country into non-productivity and powerlessness. It’s not like he was a miraculous protégé with a Midas touch. He is a peak disaster who couldn’t manage a Box company.
_Business The guy couldn't stand the political interference. I would have done the same thing. Let's see if things are gonna change now.
_Business White business is not happy becuase Andre De Ruyter he gave them lucrative tenders at the epense of black busines.
_Business A person resigns because of his failure & some people call it a blow, race counts in SA
_Business The guys failure where ever he goes... Let him votsek
_Business What did he exactly do O whait nothing
_Business Hahahahaha
_Business Banxilile De Reter is a mess