Hunt is on for new Eskom CEO

Eskom has started advertising for a new Group CEO to replace Phakamani Hadebe, who resigned in May.

In his resignation letter, Hadebe cited "unimaginable demands" of the job as having a negative impact on his health. He is set to leave Eskom at the end of July.

Cabinet approved Hadebe's appointment as permanent CEO in May 2018, after he had been serving in an acting capacity since January 2018.

An advertisement for the job stated that the new CEO will be tasked with restructuring the debt-ridden power producer into three entities, as announced earlier this year.

In February, President Cyril Ramaphosa revealed that Eskom would be split into three business units focused on generation, transmission and distribution in a bid to improve efficiency.

Government has allocated Eskom R23bn for each of the next three fiscal years, as the state entity battles a severe liquidity crisis which is threatening power generation.

The state-owned electricity producer has had numerous CEO changes over the last four years, including Brian Molefe who resigned in 2016 after being implicated in former Public Protector Thuli Madonsela's 'State of Capture' report.

Eskom said the it was looking for a candidate who would shape the future of the company and "ensure its financial and operational sustainability results."

Eskom supplies 95% of South Africa's electricity, and is facing a debt burden of nearly R500bn.


We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. 
Subscribe to News24
Rand - Dollar
16.95
+1.3%
Rand - Pound
20.38
+0.8%
Rand - Euro
17.59
+0.9%
Rand - Aus dollar
11.42
-0.0%
Rand - Yen
0.12
+0.6%
Gold
1,754.91
+0.8%
Silver
21.32
+1.8%
Palladium
1,863.59
+0.8%
Platinum
1,002.50
+1.0%
Brent Crude
83.19
-0.5%
Top 40
67,039
+0.1%
All Share
73,381
+0.0%
Resource 10
71,492
+1.0%
Industrial 25
88,408
+0.0%
Financial 15
16,200
-1.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders