Eskom's new chief executive took charge of the crisis-plagued utility on Mo...
JOHANNESBURG - Eskom’s new chief executive took charge of the crisis-plagued utility on Monday, embarking sooner than planned on the mammoth task of fixing a national power deficit and restructuring debts that have hobbled South Africa’s economy.
Ramaphosa is trying to revive Africa’s most advanced economy, which is flirting with recession, and attract new investment. Saddled with unreliable coal-fired power stations, Eskom has struggled to meet demand since 2007, forcing it into several rounds of extensive power cuts. Outages last year dented economic output and shook investor confidence in Ramaphosa’s administration.
De Ruyter’s predecessor, Phakamani Hadebe, stepped down in July, citing health reasons. Sources told Reuters at the time that another reason was that he felt frustrated at being excluded from important decisions affecting the utility.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Gritty Elgar settles South Africa after early England strikesOpener Dean Elgar struck a gritty unbeaten half-century to quell an early Englan...
Baca lebih lajut »
Newlyweds Hilary Duff & Matthew Koma Enjoy Safari Honeymoon in South Africa
Baca lebih lajut »
Prominent South Sudan activist released from prisonA prominent South Sudan activist and economist has been freed from prison two days after a presidential pardon.
Baca lebih lajut »
South Korean restaurant owners voice concerns over $4 billion Delivery Hero dealSouth Korean restaurant owners expressed concern on Monday over food delivery gi...
Baca lebih lajut »
South Korean ‘comfort women’ denied appeal on deal with Japan - Women’s Media CenterKorean women are still—nearly 75 years later—fighting to gain restitution from the country that forced them into sexual slavery, despite a “final and irreversible” deal reached between Korea and Japan in 2015.
Baca lebih lajut »
South Africa’s Absa opts for safety-first recoveryThe $9 bln group made former central bank deputy Daniel Mminele its new CEO. Like other local lenders, the former Barclays unit needs growth from elsewhere on the continent to offset domestic weakness. Installing a career regulator suggests little appetite for a high-risk charge.
Baca lebih lajut »