Business Maverick: Eskom’s CEO Appointment May Take Months Despite ‘Rich’ Choice

Eskom Holdings SOC Ltd. has been instituting record blackouts as its poorly maintained and defective plants fail to keep pace with supply, but its board has yet to appoint a new CEO despite having been aware since December that the post was falling vacant. Andre de Ruyter stepped down as the utility’s boss on Feb. 22 — more than a month before his scheduled March 31 departure date — after censuring the government and the governing party over corruption.

Changes to the top management structure could take some time to effect, with the period dependent on the exit terms the next CEO agreed with their previous employer, Eskom Chairman Mpho Makwana said in an interview Friday with Johannesburg-based broadcaster Newzroom Afrika.

Only a certified loon would take that job

Jorre jissus. Big shit loading.....

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Talk – South Africa’s leading online business talk showBusiness Talk is the best place for your executives to share their insights and experience with a wide South African business audience.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

Daily Investor – Where South Africans get their investment newsDaily Investor is the South African investment community’s preferred news source.
Source: BusinessTechSA - 🏆 24. / 61 Read more »