Share

Eskom announces new boss

Cape Town - Public Enterprises Minister Lynne Brown on Wednesday announced the appointment of Tshediso Matona as Eskom’s new CEO.

Matona, who is the director general at the department of public enterprises from January 2011,  will lead Eskom to take it through a strategic change of direction, Brown said.

Announcing the Eskom board's choice - confirmed by the cabinet - Brown acknowledged debates about semi-privatisation measures which could take the troubled enterprise out of it financial black hole.

Matona will take the helm from acting CEO Collin Matjila on September 1, who took over from Brian Dames, who announced his resignation in December 2013 and stepped down in March.

Brown acknowledged that Matona faced big challenges. Most significant was the nearly R220bn funding shortfall.

This included the gap creating by the recent 8% hike, half of that wanted by Eskom, the current build programme including the power plants, and the future build requirements.

Matona, who  holds a masters degree in development economics from the University of East Anglia, cut his teeth in government as a trade negotiator in Geneva at the World Trade Organisation.

He was also the director general for the department of trade and industry for 5 years from 2006-2010.

 - Fin24


We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Voting Booth
Do you think corruption-accused National Assembly Speaker Nosiviwe Mapisa-Nqakula will survive a motion of no confidence against her?
Please select an option Oops! Something went wrong, please try again later.
Results
No, her days are numbered
41% - 432 votes
Yes, the ANC caucus will protect her
59% - 614 votes
Vote
Rand - Dollar
18.95
-0.1%
Rand - Pound
23.91
-0.0%
Rand - Euro
20.42
+0.1%
Rand - Aus dollar
12.34
+0.0%
Rand - Yen
0.13
-0.1%
Platinum
908.05
+1.2%
Palladium
1,014.94
+1.3%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent Crude
87.00
+1.8%
Top 40
68,346
0.0%
All Share
74,536
0.0%
Resource 10
57,251
0.0%
Industrial 25
103,936
0.0%
Financial 15
16,502
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE