Before Andre de Ruyter’s appointment as boss Eskom had gone through ten CEOs in six years
Save time by listening to our audio articles as you multitaskEskom is a cause and a symbol of South Africa’s problems. Its woes have deep roots. After white rule ended in 1994 Eskom expanded access to electricity. But supply failed to keep up with rising demand. Two giant plants were belatedly given the go-ahead in 2007 but one is unfinished and the other faulty. Money has been diverted from maintaining the existing fleet, which is run harder than it should be.
Having taken the helm in early 2020 after a stint as boss of a packaging firm, Mr de Ruyter wants to transform Eskom from a Soviet-style monolith to a 21st-century company. The ruling African National Congress , with a penchant for dirigiste policies and a lackadaisical approach to crime, is standing in his way.
More strategically, Mr de Ruyter argues that Eskom must be restructured. Rather than generate, transmit and distribute electricity in an anachronistic, “vertically-integrated” way, Mr de Ruyter wants the company broken up and subjected to market forces, becoming a platform for private-sector generation and distribution.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Netflix blockbuster The Gray Man is packed with Hollywood royalty. Here's everything we knowNetflix blockbuster The Gray Man is packed with Hollywood royalty. Here's everything we know.
Read more »
Waltham Forest park party sees man shot deadThe shot man died in hospital and a man treated for stab wounds has been arrested.
Read more »
Sprint meters in open world games suck, and here's how to fix themSprint meters in open world games suck, and here's how to fix them.
Read more »
Armed Forces called in to help provide security at Commonwealth Games in BirminghamOfficials said the deployment of hundreds of military personnel has been 'long-planned', despite saying last month the army could be brought in as a 'plan B'
Read more »
Police want to speak to these men after 'unprovoked' attack on manPolice want to speak to these men after man 'sprayed with substance' in 'unprovoked' attack
Read more »