Carol Paton Editor at Large

On the eve of which Eskom is set to announce its biggest financial loss ever, public enterprises minister Pravin Gordhan stunned the industry and investors by appointing Eskom chair Jabu Mabuza to a joint role as acting group executive.

The hasty appointment is intended to fill the gap when CEO Phakamani Hadebe steps down on Thursday. Mabuza is charged with seeking out a permanent CEO over the next three months.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now