Eskom CEO Phakamani Hadebe resigns

Eskom CEO Phakamani Hadebe has resigned from the troubled state-owened power utility, and will be stepping down at the end July. "It is no secret that this role comes with unimaginable demands which have unfortunately had a negative impact on my health," he said.Hadebe was part of the new leadership appointed at Eskom last year as part of the clean-up at the power utility.

Eskom is unable to service its debt from its revenue and is in a classic debt trap, borrowing to finance interest payments. It also has about R45bn in debt redemptions that will fall due in the fourth quarter. The Eskom board said it was grateful to Hadebe for his commitment to ensuring leadership stability. It said it would engage with him in the next two weeks to ensure continuity and a steady transition.

South Africa Latest News, South Africa Headlines

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

Eskom’s CEO Phakamani Hadebe resigns saying 'unimaginable demands' of job put strain on his healthEskom CEO Phakamani Hadebe has resigned from his position. Good Riddance Mr Load Shedding, Bye Now 👋 Yip that's how we feeling waiting for a solution. But we can't resign. 🤮🤮🤮🤮 He is lying...he was told to make way for Maria Ramos...
Source: TimesLIVE - 🏆 28. / 59 Read more »

Eskom CEO Phakamani Hadebe steps downEskom Chief Executive Officer Phakamani Hadebe will leave at the end of July. Sphithiphithi Who is he making way for?..Maria Ramos? We need new blood now, tired of these oldies.
Source: eNCA - 🏆 49. / 51 Read more »

Eskom’s CEO Phakamani Hadebe resigns saying 'unimaginable demands' of job put strain on his healthEskom CEO Phakamani Hadebe has resigned from his position. If it costs you your peace it's too expensive Why do you resign after Pravin's matter Of course... the money is nice, but as always zero results!!!!
Source: TimesLIVE - 🏆 28. / 59 Read more »

Gordhan to institute 'immediate review' of findings by Public ProtectorPublic enterprises minister plans to institute immediate review proceedings against the public protector’s findings that he had acted improperly in approving an early pension payout for former senior SA Revenue Service (Sars) official Ivan Pillay. Byeoo
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Eskom CEO Phakamani Hadebe steps downHadebe will be officially released from his duty at the end of July.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

JUST IN: Eskom CEO Phakamani Hadebe resigns | IOL NewsEskom CEO Phakamani Hadebe has quit the power utility. Hadebe joined the company last year after the departure of some of the senior officials. Sithule siyabuka nje.... Eskom is hot potato no one can handle it. It is tough. Who is bold enough? Next!!! Winter is coming
Source: IOL - 🏆 46. / 51 Read more »

JUST IN: Eskom CEO resigns due to 'unimaginable demands' impacting his healthPhakamani Hadebe has announced his sudden resignation as Eskom's chief executive officer, the power utility confirmed to Fin24. I give up 🤔🤔 Eskom can I replace him?🤔I have fresh plans
Source: News24 - 🏆 4. / 80 Read more »

BREAKING NEWS: Eskom CEO Phakamani Hadebe resignsHe says he is stepping down in the best interests of Eskom and his family
Source: BDliveSA - 🏆 12. / 63 Read more »

Eskom CEO Phakamani Hadebe steps down due to health reasonsEskom chief executive Phakamani Hadebe has resigned from the company. The state owned entity announced on Friday that Hadebe will be stepping down at the end of July. Hadebe leaves after the company plunged the country into crisis following rolling power cuts, which resulted in the economy losing billions of rands and shedding jobs. High blood running amok?
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Hadebe resigns from Eskom citing ill health | Business | M&G
Source: mailandguardian - 🏆 2. / 92 Read more »

Unimaginable demands: Eskom boss steps down, cites health as the reason“It is no secret that this role comes with unimaginable demands, which have unfortunately had a negative impact on my health. In the best interests of Eskom and my family, I have therefore decided to step down.” ~ Eskom CEO Phakamani Hadebe Pushed to pave the way for Ramos Eskom Interesting how the masters of the universe ( ANC ) can't find one genius among them to run Eskom successfully. While the previous custodians managed it for decades without one glitch.
Source: City_Press - 🏆 7. / 72 Read more »