Eskom CEO says boards of separate divisions may be finalised next week
Eskom's new CEO, Andre de Ruyter, says the power utility is in the process of appointing boards for its generation, transmission and distribution divisions, giving effect to President Cyril Ramaphosa's directive that the utility must develop a new business model to become sustainable.
The plan to split the power utility into three operationally independent entities - which would still fall under an Eskom holding company - was announced by Ramaphosa in his State of the Nation address in February 2019, but has been opposed by unions the National Union of Metalworkers of South Africa and the National Union of Mineworkers.
"We are, as Eskom, 100% aligned with what the president said. We intend to give full effect to the commitments that he made," said De Ruyter, speaking at the utility's quarterly state of the system media briefing.
De Ruyter said management had presented a proposal to "divisonalise" Eskom to the utility's board this past week.
"We are in the process of appointing a board for each of these entities - we should be able to finalise these appointments, hopefully, during the course of next week," he said.
"But once that is done we can start the running those three divisions like businesses with full accountability, bottom line accountability and also operational accountability, which will put me and the rest of the members of my management team in a far better position to get our arms around this business and make sure there is accountability throughout the organisation."
He said the split would first result in the creation of three divisions, which over time would lead to legal separation.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation