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Bloomberg News reports that according to Eskom’s new chairperson, Mpho Makwana, the board isn’t planning any immediate changes to management as it conducts an assessment of the utility’s power plants.
Makwana, who was appointed along with almost all of the board last week, said the plants’ performance would be reviewed over the next 30 to 60 days to ascertain how to make them operational at an average of 75% of the time – a target set by Public Enterprises Minister Pravin Gordhan. "We have to assume office and give the existing team the benefit of the doubt," Makwana said in an interview with Newzroom Afrika. Chief Executive Officer Andre de Ruyter’s "heart is in the right place. We have to applaud him and support him for as long as he is group CEO,” he added. The board’s appointment comes at a time when SA is suffering its worst-ever blackouts as Eskom’s plants keep breaking down. The government and the utility’s management is facing increasing criticism. Eskom’s management blames years of skimping on maintenance for the poor performance of the plants.
- Read the full original of the report in the above regard by Antony Sguazzin & Rene Vollgraaff at Fin24
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