SA’s power utility Eskom has seen a remarkable leadership shake-up in the past few days. Almost the entire board has been replaced with seasoned businessmen. And a well respected acting CEO has been put in place, too. The developments appear to reflect resolve by the country’s deputy president Cyril Ramaphosa, who was elected as president of the ANC in December. Sibonelo Radebe asked Jannie Rossouw to discuss what the changes at Eskom mean. SIBONELO RADEBE: What do you make of the shake up at Eskom? JANNIE ROSSOUW: The announcement of a new board at Eskom is welcome for a number of reasons. First, the previous board and top executive layer proved to be incompetent if not downright destructive. Secondly, the power utility had sunk into dire financial difficulties on their watch. Recent reports suggested that the power utility had run out of funds and wouldn’t be able to meet its obligations unless government stepped in with another huge bailout. This after the government injected R23...
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