Phakamani Hadebe appointed as Eskom CEO

Cape Town – Cabinet has approved a recommendation by Eskom’s board to appoint Phakamani Hadebe as CEO of Eskom.

This is according to Public Enterprises Minister Pravin Gordhan who announced changes to boards of state-owned enterprises (SOEs) in his portfolio.

Gordhan has oversight over power utility Eskom, rail and ports company Transnet, defence manufacturer Denel, airline SA Express, diamond mining organisation Alexkor and the South African Forestry Company (Safcol).

In his budget vote last week, Gordhan unpacked measures the department is taking to clean up and reform SOEs. He spoke about changing the way boards are appointed, as they played a critical part in the strategy of state capture, Fin24 previously reported.

At a briefing ahead of the budget vote, Gordhan speculated that state capture enabled through the entities could have cost the country R100bn.

Hadebe’s appointment follows the “excellent work” done at Eskom since he joined Eskom as interim CEO in January, Gordhan said.

“Hadebe has experience at the Land Bank and Treasury, he had a stint at banking institution ABSA, he is competent to steer Eskom and stabilise the institution and position it for its role in the economy.”

News Reporter

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