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Miningmx reports that the chief executive of struggling state-owned power utility Eskom, Phakamani Hadebe, said on Friday he was stepping down for health reasons.
He spoke of the “unimaginable demands” that led to his resignation as group CEO of Eskom. “It is no secret that this role comes with unimaginable demands which have unfortunately had a negative impact on my health. In the best interests of Eskom and my family, I have therefore decided to step down,” Hadebe indicated in a statement. He will formally leave the highly indebted organisation at the end of June. Eskom chairman Jabu Mabuza said the board had reluctantly accepted Hadebe’s resignation, but gave no details regarding a replacement. Speaking earlier this month, President Cyril Ramaphosa said Eskom was “too big to fail” and that efforts at resuscitating the organisation were afoot. But he ruled out privatisation and spoke instead of restructuring. On Wednesday, Ramaphosa said government had a “credible” business plan to get Eskom out of the “mess it is in”.
- Read the full original of David McKay’s report on Hadebe’s resignation at Miningmx
- See too, Eskom CEO resigns for health reasons, at Mining Weekly
Get other news reports at the SA Labour News home page