Former Eskom bosses line up for top job

Electrical power lines hang from transmission pylons outside the Eskom Holdings SOC Ltd. Grootvlei coal-fired power station in Mpumalanga, South Africa, on Wednesday, Aug. 7, 2019. Eskom, Picture: BLOOMBERG/WALDO SWIEGERS

Andy Calitz, the former CEO of LNG Canada, who started his career as an electrical engineer at Eskom and later held various senior posts at Royal Dutch Shell, confirmed he had applied for the job and declined to comment further. Business leaders suggested to Eskom’s board that former CEOs Brian Dames and Jacob Maroga also be considered for the post, according to another source. Neither responded to a request for comment.

Eskom’s new leader will have to turn around a company that supplies about 95% of the country’s power yet isn’t generating enough income to cover its costs, is saddled with R440bn of debt and poses a serious threat to the economy. The government has given the utility a three-year, R128bn bailout, but that’s unlikely to be enough to get its finances back on track.

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.

Malema laughs at former EFF members’ new break-away partyThe new party is called African Federal Convention (Afco) and launched on Wednesday.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Court stops Eskom from awarding R350m contractJudge pours cold water on utility’s claim that an interdict would cause an ‘unimaginable disaster’
Source: BDliveSA - 🏆 12. / 63 Read more »

Court stops Eskom from awarding R350m contractJudge pours cold water on utility’s claim that an interdict would cause an ‘unimaginable disaster’
Source: BDliveSA - 🏆 12. / 63 Read more »

PIC should have used external investigator over claims, says former directorSibusisiwe Zulu says subjecting the allegations to an independent process was the right thing to do — and should have been done in 2017
Source: BDliveSA - 🏆 12. / 63 Read more »

Former UJ vice-chancellor Ihron Rensburg takes over at VUTFormer University of Johannesburg vice-chancellor Professor Ihron Rensburg has been appointed with “immediate effect” to take over governance and management at the Vaal University of Technology by msindisifengu
Source: City_Press - 🏆 7. / 72 Read more »

Tendai Ndoro could return to haunt former club Orlando PiratesTendai Ndoro could be the secret weapon that Highlands Park unleash against his former Orlando Pirates club when the two sides meet in the MTN8 at the weekend.
Source: SowetanLIVE - 🏆 13. / 63 Read more »