As a stock analyst with more than two decades of experience in the UK and SA, Cratos Capital’s Ron Klipin has seen many high-flying companies and their CEOs come and go.
Phakamani Hadebe became the latest CEO to quit at Eskom, citing health concerns, while SAA’s Vuyani Jarana followed suit, complaining about how the government undermined his turnaround strategy. Others include Sibusiso Sithole, the interim CEO of the Passenger Rail Agency of South Africa, and Setumo Mohapi, the CEO of the little-known State Information Technology Agency.
Two of SA’s biggest business lobby groups have also had management changes. Business Unity South Africa CEO Tanya Cohen resigned, six months before the end of her contract, to pursue new opportunities. Business Leadership SA CEO Bonang Mohale stepped down after opting not to renew his contract, which ends on June 30.: “I am going into farming. I’ve always had ambitions to retire at a farm. From the 1st of July, I will be looking for a farm with a bit of crops and animals.
One wonders why..? Dodgy CEO’s!