Eskom is looking for a new CEO after the current incumbent Phakamani Hadebe resigned after less than a year due to stress. His predecessors either left their jobs due to personal reasons, were dismissed or went away under a cloud of corruption.
Energy expert Ted Blom believes that Hadebe’s resignation did not come as a surprise because he came in as an outsider and although with good management experience, he had little knowledge of the power supply industry. Therefore, he was not readily accepted by the Eskom establishment.
Hadebe was appointed in 2018 to convalesce the struggling state entity after his success in improving the situation at the Land Bank. However, Eskom is a very difficult horse to stride, because the power provider is currently not selling enough electricity to cover its interest payments and huge running costs. This stems directly from a legacy of years of mismanagement and overall costs on new plants, which resulted in a curr
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