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Fin24 reports that according to Minister in the Presidency Jackson Mthembu, new Eskom CEO Andre de Ruyter will bring significant international experience and turnaround skills necessary to carry out interventions at Eskom.
The minister was speaking at a post-Cabinet briefing on Thursday. De Ruyter's appointment was announced this week and he will take on the role in mid-January 2020. He is the current CEO of Nampak and has held senior positions at Sasol. While Cabinet listed De Ruyter's experience internationally and in terms of dealing with governments and regulators, turnaround skills and a "track record of delivering sustainable profits and value for stakeholders", De Ruyter's appointment came as a surprise to markets. And, while the ANC and DA have welcomed his appointment, the EFF has labelled it as "anti-transformation". "[Minister of Public Enterprises] Pravin [Gordhan] does not believe that Africans can manage and build complex institutions. The only time he is comfortable appointing Africans is when he puts them in a position of permanent juniority and treats them like his lap dogs," the EFF claimed. But, Mthembu came to the defense of the Eskom board's appointment of De Ruyter, saying: From where we are seated, De Ruyter (has) the necessary expertise to bring stability in the governance arena and financial management. He comes quite decorated to fulfill this role. South Africa belongs to all who live in it – black and white. There are some who forget or decide to forget that there have been many black CEOs at Eskom."
- Read the full original of the report in the above regard by Lameez Omarjee at Fin24
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