Following a blisteringly painful set of results — revealing Eskom’s losses had reached almost R21-billion — Public Enterprises Minister Pravin Gordhan announced the creation of an office of the chief restructuring officer within the utility, in a bid to haul it back from the brink.
The naming of a CRO was first mooted in February’s budget, as a condition of additional state support for Eskom announced at the time. Alongside the announcement of the entity, Gordhan also said that a roadmap for the restructuring of Eskom — first communicated by President Cyril Ramaphosa at the beginning of the year — had begun to take shape. In his first state of the nation address in February, Ramaphosa stated that Eskom would be unbundled into three separate business unit — generation, distribution and transmission.
Total sales of electricity had declined 1.8% on the previous year — driven largely by declines in the mining and residential sectors. The losses incurred this year — at R21-billion — were likely to remain at similar levels as well, added Cassim.
You mean this...
Selections are limited to those pushing the mandate.
Great another cadre with zero relevant experience and a anc deployment!! Put a man with no experience in charge of restructuring Africa’s largest utility! morons
Would be interesting to track and find out how much Eskoms cumbersome procurement policies have added to this debacle? I am sure that many a supplier has benefited handsomely by supplying diesel to Eskom at a premium!! 😡😡😡
They have failed the nation. Loss escalate from 2 billion to 20 billion under the watchful eye of the new board, ceo etc. IPP's costs increased yet we still had loadshedding
This govt's failures are now so pervasive that we now have an actual CHIEF OFFICE for fixing fuckups. Which will fail. What are expensive SOE boards for & the public enterprises' entire staff component? Did anyone ask what CR did since 2014 when he was supposed to fix this all?
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.
Source: eNCA - 🏆 49. / 51 Read more »
Source: BDliveSA - 🏆 12. / 63 Read more »
Jabu Mabuza appointed to three powerful positions at EskomBusinessman Jabu Mabuza has been given several vital roles at under-pressure power utility Eskom. One day the people will have their own voice We are being screwed sideways All the best.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Jabu Mabuza appointed to three powerful positions at EskomBusinessman Jabu Mabuza has been given several vital roles at under-pressure power utility Eskom. Player and referee? Dangerous. Pravin will soon be the President of this country.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Jabu Mabuza steps in as acting Eskom CEOOn Wednesday, current CEO Phakamani Hadebe will vacate his office after he resigned in May over health concerns 😂😂😂😂😂😂😂😂aai aai aai aai Now he is going to get both barrels. Unions and Pravin 😂😂😂
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: News24 - 🏆 4. / 80 Read more »