'Now is the time for treatment, no matter how radical' - Eskom chair after meeting with De Ruyter
Eskom's interim chairperson, Malegapuru Makgoba and it's new CEO, André de Ruyter have met and said they are looking forward to the promised strengthening of the state-owned utility's board.
Makgoba took over the reins from Jabu Mabuza, who fell on his sword after South Africans experienced widespread load shedding over the festive season.
De Ruyter started in the job in January and was appointed after Phakami Hadebe resignation at the end of July.
In a statement, Makgoba said following his meetings with De Ruyter and the current board, the company remains committed to the execution of the company’s turnaround plan.
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"The Board looks forward to continue the challenging task of restoring Eskom back to sustainability under the interim leadership of Professor Makgoba and with the continued support of our Shareholder," read the statement.
Makgoba said: “We welcome the announcement by His Excellency, President Cyril Ramaphosa last weekend, that the Board would be strengthened and capacitated in line with the commitment made by the shareholder ministry late last year. The Board fully supports the need for this to be done as a matter of urgency to enable us to fulfill our mandate.”
Makgoba and the board are expected to deliberate on their action and implementation plans to address the challenges and issues facing Eskom.
"We have made the diagnosis and now is the time for treatment, no matter how radical, how bitter or how uncomfortable to be administered going forward,” Makgoba concluded.