Eskom Chief Executive Officer Phakamani Hadebe has resigned. His resignation has been confirmed by the chairperson of the Eskom board on Friday.
The National Energy Regulator of South Africa’s (Nersa) spokesperson Charles Hlebela has described Joburg Mayor Herman Mashaba’s comments as unfortunate.
President Cyril Ramaphosa has told the Goldman Sachs Investor Conference in Johannesburg that Eskom is over-staffed.
Corruption scandals as well as struggles at Eskom have led to an increase in political alienation of voters as well as an increase in perceptions of corruption, and this has reduced South Africans’ confidence that the country is headed in the right direction.
Energy expert Ted Blom says the unbundling of Eskom into three components will not solve its financial crisis.
The expertise of the retired Absa Group Chief Executive, Maria Ramos might be brought in to lead the process of unbundling Eskom into three components.
Finance Minister Tito Mboweni has denied reports that Maria Ramos has been appointed to take charge of Eskom’s unbundling.
South Africa’s government has had to bring forward the bailout of state power firm Eskom, after it rushed 5 billion rand to the struggling utility earlier in April to avert a default and said more cash could be needed soon.
President of the African Development Bank Akinwumi Adesina has expressed his full confidence in the leadership of South Africa to shift the trajectory of Eskom for the better.