Today's Labour News

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eskomFin24 reports that Finance Minister Tito Mboweni has told Parliament that a new "competent" CEO for Eskom would be announced "very soon".  

The minister was responding to a question by EFF MP Floyd Shivambu, who asked the minister if he believed interim Eskom CEO Jabu Mabuza was a suitable leader for Eskom.  Mabuza was appointed acting CEO in July, after the power utility's former head Phakamani Hadebe resigned due to the "unimaginable demands" of the job.  While Mabuza, who is also the utility's chairperson, was meant to hold the position of CEO for only three months, a new chief executive has not yet been announced.  Mboweni on Wednesday reiterated that Mabuza was only filling the role temporarily.  He said he was certain the new Eskom CEO would be "very competent", in order to "manage this huge organisation going forward."  Mboweni's comments came after the National Assembly on Tuesday agreed to a special appropriations bill that provides Eskom with a R59bn funding lifeline over two years to service its debt.  Treasury has said the funding comes with strict conditions that must be met before any money can be released.

  • Read the full original of the report in the above regard by Lameez Omarjee at Fin24


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