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.

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