Crucial market confidence at stake.
The leadership vacuum at Eskom, which has been without a permanent CEO for most of the year, may deepen as the end of the employment contract of CFO Calib Cassim looms.
It is not clear if any steps have been taken to secure the services of Cassim after his contract ends at the end of December, which may leave the utility without a permanent CEO or CFO. Read: Eskom Latest: CEO pick process requires ‘enhanced’ due diligence Eskom board at odds with Gordhan over CEO search While the board has not yet stated whether it will start the recruitment process afresh, sources within Eskom says that is the instruction given by Gordhan.
Asked what steps have been taken to ensure stability in the CFO position after 31 December, the Eskom board merely stated: “Eskom will communicate at the right time.” Four contenders The names of four candidates believed to be on the shortlist for the position of Eskom CEO have emerged: ADVERTISEMENT CONTINUE READING BELOW Speculation is rife that Gordhan sees Noah as too close to Minister of Mineral Resources and Energy Gwede Mantashe, who is seen as resisting the transition to cleaner energy in favour of coal and promoting nuclear energy.
DA spokesperson for public enterprises Ghaleb Cachalia says only Gordhan will know where he will be looking for a candidate.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Activists force Eskom to disclose vital safety info about risks at KoebergEskom was accused by anti-nuclear activists of withholding vital safety information.
Read more »
Load shedding is back to stage 3Eskom has announced that stage 3 load shedding will be implemented on Sunday night.
Read more »
BRICS Expansion Crucial With Over 80% of World's Oil Reserves to Be Included - Venezuelan FMUNITED NATIONS (Sputnik) – The expansion of BRICS is very important especially for energy sector, as after the inclusion of new members the bloc will account for over 80% of global oil reserves and production, Venezuelan Foreign Minister Yvan Gil told Sputnik on the sidelines of the UN General Assembly High-Level Week in New York. […]
Read more »
Ethiopia: Chinese Supported Ethio-Djibouti Railway Providing Crucial Economic, Social BenefitsThe Ethio-Djibouti railway, which is part of the Belt and Road Initiative flagship infrastructure project for African continent, has been providing economic and social benefits to the people of Ethiopia and Djibouti, Chinese companies stated.
Read more »
Eskom leadership vacuum may deepenCrucial market confidence at stake.
Read more »