For the past few days, South Africans have been experiencing a daily load-shedding, in the midst of it all, the Eskom chair Mr. Jabu Mabuza resigned on Friday. This was announced by the presidency on Friday.
“In the wake of Mr. Mabuza’s resignation, the Government will soon announce a re-configured Eskom board with the appropriate mix of the electricity industry, engineering, and corporate governance experience.” the presidency said.
Businesses in South Africa have been affected by load-shedding, and President Ramaphosa commended Mr. Mabuza for accepting accountability and taking responsibility.
“As the Minister assigned responsibility for Eskom, Public Enterprises Minister Pravin Gordhan has accepted Mr. Mabuza’s resignation. President Ramaphosa has expressed his gratitude to Mr. Mabuza for serving Eskom and the nation during a challenging period and has commended Mr. Mabuza for taking responsibility and accepting accountability for events under his leadership.”
Mabuza was also the Chairman of Telkom SA SOC Limited. A successful entrepreneur who retired from the position of Group Chief Executive of Tsogo Sun Holdings Ltd and served as a Deputy Chairman for it – He was appointed chairman of Eskom in January 2018.
“In his resignation letter Mr. Mabuza apologized for Eskom’s inability to meet the commitment it made to the President, the Deputy President, and the relevant Ministers at a meeting on 11 December 2019 to avoid load shedding over this period.” said the presidency.
Eskom has a new CEO, André de Ruyter who took over on Monday. With so many changes happening, hopefully, the load-shedding will ease down.
“Government continues to support the measures being taken by Eskom to restore reliable electricity supply as a matter of priority, and is proceeding with measures to introduce new generation capacity – including self-generation – in the shortest possible time.” The presidency said on Friday.