The parting words of exiting Eskom CEO Phakamani Hadebe at Tuesday’s results presentation were ominous: “Eskom does not need light, it needs fire; it does not need rain, it needs a storm, it needs an earthquake.”

These words, spoken after Hadebe revealed the company’s most disastrous set of financial results, which included a R20.7bn loss, underline the frustration he has faced in his 18 months as CEO in which he was given a job to do but was not empowered to do it. ..

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