R/€ = 13.14
R/$ = 12.05
Au 1200.03 $/oz
Pt 1139.50 $/oz
Feb 19, 2004
Banda resigns as Eskom Enterprises CEBack
© Reuse this The non-regulated-arm of State-owned electricity parastatal Eskom, Eskom Enterprises, announced yesterday the resignation of its CEO Enos Banda.
The company said that its director for support services, Dominic Sewela, has been appointed the acting CEO.
Eskom Enterprises has been undergoing significant restructuring over the past year and a bit in a bid to create a sustainable business case for itself, and, at this stage, it remains unclear as to what impact Banda’s resignation will have on this process.
The company was formed in 1999 to carry out the non-regulated electricity related activities of Eskom and houses various divisions and subsidiaries including: 45% of State information technology group arivia.kom, 30% of the Pebble Bed Modular Reactor (PBMR) company and it high-potential nuclear technology; and heavy engineering and transport group Rotek Industries.
Edited by: laurian clemence© Reuse this Comment Guidelines (150 word limit)
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