This week minister of public enterprises, Pravin Gordhan, announced who would take on the role of acting chief executive officer at Eskom.
The news follows the departure of Phakamani Hadebe who will leave the firm on 31st July. You may recall that Hadebe resigned due to the “unimaginable demands” of his position having a negative impact on his health.
To replace him Jabu Mabuza will step in as acting CEO and interim executive chairman.
“I have made myself available to serve as the Interim Executive Chairman and Acting Group Chief Executive of Eskom with a good appreciation of the importance of leadership stability in the company right now as we look at the implementation of a sustainable operational and financial turnaround plan,” Mabuza said in a statement.
The inclusion of “acting” in his title should reveal that Eskom is still on the hunt for a permanent CEO, a point Gordhan reiterated during his announcement.
“Within the three month period during which Mr Mabuza will be the Executive Chairman and Acting CEO, the Eskom board will conclude the process of identifying a suitable candidate to become the next Eskom GCEO,” the minister said.
As reported by Fin24, the permanent CEO who will take Mabuza’s place in three months will have the unenviable task of restructuring Eskom into three entities.
In addition to that, whoever joins Eskom is jumping on what increasingly appears to be a sinking ship.
While Eskom can now apply for funds from the National Revenue Fund per a special appropriation bill, finance minister Tito Mboweni said that Eskom cannot continue doing business the way it is.