Business In The News South Africa

Cabinet confirms Phakamani Hadebe as Eskom chief executive

PARLIAMENT, May 24  – Interim Eskom boss Phakamani Hadebe has been appointed permanently as chief executive officer of South Africa’s state-owned power utility, Public Enterprises Minister Pravin Gordhan announced on Thursday.
Speaking during a media briefing in Parliament, Gordhan said Hadebe’s appointment was approved by Cabinet during its fortnightly meeting on Wednesday.
The minister said Hadebe had made various “advances” at Eskom since his appointment as interim chief executive in January. These include introducing good governance practices so that Eskom was “now able to borrow from the capital markets” and ensuring those guilty of malfeasance “have either resigned or they going through disciplinary processes”. 

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