Article

2020-01-06 Africa Subsaharan

South Africa power shake-up looms as ailing Eskom welcomes new CEO

[Reuters] Andre de Ruyter, appointed by President Cyril Ramaphosa in November, will oversee a government plan to split state-owned Eskom into three units - for generation, transmission and distribution - in an attempt to make it more efficient.
Taking a 'strategic pause' from Black Economic Empowerment (BEE) are we ?
Ramaphosa is trying to revive Africa’s most advanced economy, which is flirting with recession, and attract new investment.

Eskom, which generates more than 90% of the country’s power, is in its current form widely viewed as the biggest impediment to growth, though the restructuring plan has taken shape against a backdrop of stubbornly high unemployment, and unions have pledged to fight it.

De Ruyter had been due to start work on Jan. 15, but the sense of crisis surrounding the firm, which has been leaderless since July and imposed the latest in a long run of power cuts at the weekend, persuaded him to take the helm early.

Saddled with unreliable coal-fired power stations, Eskom has struggled to meet demand since 2007, forcing it into several rounds of extensive power cuts. Outages last year dented economic output and shook investor confidence in Ramaphosa’s administration.

At the weekend, it cut up to 2,000 megawatts (MW) from the national grid due to a shortage of generating capacity.

Posted by Besoeker 2020-01-06 08:39|| || Front Page|| [11132 views ] Top

#1 Perhaps de Ruyter can 'maak 'n plan.'

Posted by Besoeker 2020-01-06 08:48|| 2020-01-06 08:48|| Front Page Top

#2 Until he runs up against the rest of the SA 'Government Mafia®'.

Posted by Mullah Richard 2020-01-06 12:41|| 2020-01-06 12:41|| Front Page Top

17:34 Ebbuger Whuque4103
17:30 Ebbuger Whuque4103
17:02 Melancholic
16:27 Gravilet Snanter4154
16:20 Chaise Speaking for Boskone7897
16:02 Skidmark
16:01 Skidmark
15:46 Skidmark
15:41 Skidmark
15:37 swksvolFF
15:36 Skidmark
15:34 Skidmark
15:27 Skidmark
14:48 NoMoreBS
14:31 NoMoreBS
14:16 NoMoreBS
14:15 NoMoreBS
14:04 swksvolFF
13:47 Regular joe
13:43 swksvolFF
13:38 swksvolFF
13:34 swksvolFF
13:31 Abu Uluque
13:25 Heribertus Vedente