GORD­HAN DE­FENDS DE RUYTER’S AP­POINT­MENT

Pretoria News - - BUSINESS REPORT -

PUBLIC En­ter­prises Min­is­ter Pravin Gord­han yes­ter­day de­fended the sur­prise ap­point­ment of An­dre de Ruyter (pic­tured) as Eskom’s new chief ex­ec­u­tive and urged stake­hold­ers to give him a chance to do his job. “He was the choice of the board,” Gord­han said when asked about sug­ges­tions that De Ruyter was a com­pro­mise can­di­date, cho­sen to keep labour and po­lit­i­cal fac­tions happy. “Let’s get be­hind this in­di­vid­ual and give him a chance to do his job.” The min­is­ter added that a rig­or­ous se­lec­tion process was fol­lowed to find a suc­ces­sor to Phaka­mani Hadebe, who left the loss-mak­ing power util­ity at the end of July, cit­ing health con­cerns. De Ruyter comes to Eskom from Nam­pak and will have the task of over­see­ing a make-or-break restruc­tur­ing to bring Eskom’s debt un­der con­trol. Eskom has R441 bil­lion in debt, and its in­abil­ity to ser­vice it with­out suc­ces­sive bailouts from the govern­ment is seen as the big­gest threat to the econ­omy.

| African News Agency (ANA)

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