The director-general at the Department of Public Enterprises (DPE), Tshediso Matona, has just been officially announced as the new CEO of Eskom.

The brief was made by DPE minister Lynne Brown and has been approved by cabinet at a meeting this afternoon. 

Matona, who was also the former director general of the Department of Trade and Industry from 2006 to 2010takes over from Collin Majila, who has been the acting CEO since 1st April this year, after CEO Brian Dames officially resigned with effect on 31st March.

Matona comes with a wealth of knowledge and experience under his belt. For the past three years, he has been providing oversight at Eskom and other state-owned companies under the DPE’s portfolio. 

He holds an honours degrees in Economics and Political Science from the University of Cape Town, a masters degree in Development Economics from the University of East Anglia, UK and certificates in Executive Management and Infrastructure Development from the Harvard Kennedy School of Government.

The new position won’t be an easy job for Matona – Eskom reported lower earnings the latter half of 2013, the forced implementation of load shedding during this year’s winter season since 2008, and the company experienced a funding shortfall of just under R220 billion.

[Source – Department of Public Enterprises, Image – Eskom]