JOHANNESBURG - Eskom acting CEO and board chairperson Jabu Mabuza on Thursday said incoming CEO Andre de Ruyter was the perfect man to steer the utility in the right direction.
De Ruyter was expected to take over from Mabuza as Eskom boss in mid-January next year. His appointment was met with mixed reaction with some criticising the move as anti-transformation, but Mabuza rejected this.
At the same time, Mabuza said despite the parastatal making a profit in the first six months of this year, interest on its massive debt and non-payment had seen it end R20 billion in the red. The utility announced its interim results on Thursday. Mabuza said the effects of unplanned breakdowns and lower sales during summer months were to blame for its R20 billion loss.
Eskom chief financial officer Calib Cassim said Soweto’s failure to pay billions of rand in debt was a problem.
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