OPINION | Desperate to be a CEO? Here’s the worst job in global energy - Eskom | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 80%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

President Cyril Ramaphosa, said he would 'applaud' whoever agrees to be Eskom CEO. That’s not a joke. Running the utility surely ranks as the worst job in the global energy industry, writes Javier Blas. | News24_Business

President Cyril Ramaphosa, said he would"applaud" whoever agrees to be Eskom CEO. That’s not a joke. Running the utility surely ranks as the worst job in the global energy industry, writes JBut the continent’s most industrialized economy is now facing the worst blackouts ever, leaving most of its citizens without electricity for six-to-eight hours every day. There’s no end in sight.

From India to Brazil and from Nigeria to Bangladesh, power shortages are becoming more common. Unless governments get their act together, electricity failures will become a serious handicap to economic growth. For the first time in decades, the number of people without any access to electricity rose last year, reaching nearly 775 million.

Eskom, South Africa’s state-owned utility monopoly, is again looking for a chief executive after André de Ruyter’s resignation in December. President Cyril Ramaphosa, who made a fortune in coal mining, said earlier this month he would"applaud" whoever agrees to take the job. That’s not a joke. Running the South African utility surely ranks as the worst job in the global energy industry.

Right now, lack of transmission capacity is hindering wind and solar additions. The government should also further liberalize generation, opening the way for more private sector self-production.

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:

 /  🏆 4. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

_Business Why appoint a CEO? The Eskom CEO can't: Determine the best mix of solar/wind/nuclear or coal power. Overturn dodgy contracts to cadres. Reduce staff to the correct level. Appoint the best people to positions, irrespective of race. Those all remain the prerogative of politicians.

_Business I vote for Brian molefe... Let c if he agrees to a person who exposed him that he was corrupted by Glencore..

uSBO_wakaNkosi _Business Yes, because he has to agree to allow the ANC to Loot plus Fix Eskom.

_Business eskomsalaryshedding over 40 000 employees and nobody can fix the problem, and now they got more money, let's start salary shedding at Eskom and see how quickly they fix the problem Eskomsalaryshedding instead of punishing the people who pay their bills.

_Business What about Fikile Mbalula. He’s done so well so far 😂😂😂😂😂😂😂😂😂😂😂

_Business Especially with clowns in government interference and non support

_Business The best man for the job is Malema .He knows everything ,let him go there and fix it .

_Business I'll take the job and start tomorrow!!! No braai, no welcoming, nothing... Send me the interview date

Prudy_SA _Business 😂😂😂😂

_Business You are spreading lies. You campaigned for the chopping of black Eskom CEOs hoping that whites will perform better. Instead, they became the worst performers in the history of the company. White gross incompetence was laid bare.

_Business Will be much better run by any CEO as long as the useless corrupt money sucking parasites VoetsekANC is not involved at all. VoetsekANC government is the problem!!!!!

_Business Easiest job in the world, just sit there and watch the implosion.

_Business You had one but sold him out to save ur ass from PhalaPhala Only a fool would want to take on that job with too much political interference & a Minster hell bent on his own get rich agendas

_Business Hell I.ll take the job...

_Business What a joke why don't he and swaer Petricia take ESKOMELE.. take and renew it. they so in this renew thing ..that you just wonder... maybe their themselves should be RENEWED 🤷

_Business Surely one of them has a relative somewhere with a strong stomach? 😳

_Business Whites are building schools for their children (Grades R-12), their supportive NGO Afriforum is now establishing an energy company after completing a University, AND others are busy supporting the ANC in selling State owned Entities to WMC and collapsing all government services.

South Africa South Africa Latest News, South Africa South Africa Headlines