Today's Labour News

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eskomBusinessLive reports that power utility Eskom is set to miss yet another of its self-imposed deadlines to finalise the appointment of its sixth finance director in five years.  

Eskom’s newest board appointed in January, initially set a deadline of May to finalise the appointment of a new finance chief.  Sources close to the process advised that six candidates were shortlisted before the job was finally offered to former finance chief Paul O’Flaherty in May, who apparently turned it down.  Eskom is currently in the process of identifying a search firm to assist in finding a suitable finance candidate.  This means it will yet again miss the deadline, now set for September.  "We are taking this appointment quite seriously, and the board’s people and governance committee will be meeting next week to discuss the matter," said chairman Jabu Mabuza.  He conceded that the utility will again miss the deadline.  "With the time constraints, it’s quite possible now that the appointment could be made in the next financial year."  Finance directors normally have notice periods of about six months, which means Eskom may not be able to fill the vacancy in 2018.  While conceding it was undesirable for the position to remain unfilled for such a long time, Mabuza praised interim finance boss Cassim as being quite capable of handling the job.

  • Read this report by Sikonathi Mantshantsha in full at BusinessLive


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