Tito Mboweni has confirmed that Maria Ramos is among those being considered as one of the frontrunners to lead the process of unbundling Eskom.
In January this year, Absa group announced that Ramos would retire as its CEO after being at the helm of the bank for 10 years. Before her time at Absa, Ramos was Transnet’s group CEO.
Among other things, the CRO would be responsible for overseeing Eskom’s finances, plant maintenance, and operational costs, as well as various strategic functions. Ramaphosa said at the time a combination of interventions is called for, such as a change to its structure, financial support from government and a turnaround plan from Eskom’s management, in order to bring stability to the state-owned power utility.
Mboweni was forced to write to Parliament earlier this month that he would invoke Section 16 of the Public Finance Management Act in order to secure funds for Eskom.
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