Eskom has claimed the scalp of yet another chief executive, as the utility announced on Friday evening that Phakamani Hadebe would be stepping down at the end of July, due to health reasons.
Eskom board chairperson Jabu Mabuza, said that the Hadebe had been “instrumental in driving stability at Eskom during a very challenging period at the organisation”. But the past year revealed the extent of the rot at the organisation after years mired in state capture and poor management. In the first set of full year results reported under Hadebe mid-year last year, Eskom’s irregular expenditure skyrocketed to almost R20-billion as the company began to lift the lid on suspect contracts in earnest.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: