Brown hopes to appoint Eskom CEO by mid-August - CNBC Africa

Brown hopes to appoint Eskom CEO by mid-August

Southern Africa

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Lynne Brown being sworn in as minister of public enterprises. PHOTO: GCIS

Previous Eskom CEO, Brian Dames stepped down in March prior to the appointment of current acting CEO, Colin Matjila.

(READ MORE: Eskom appoints acting CEO)

Brown indicated that she would be treating the appointment of a permanent CEO for the national power utility with urgency.

“This is why I intend taking this matter to Cabinet soon, with a view to announce a new appointment latest by mid-August.  Following this, I have urged the board to move rapidly to fill all the other critical vacant executive positions to ensure the sustainability of the company,” she said.

Eskom generates approximately 95 per cent of the electricity used in South Africa and Brown appealed to the members of parliament to rally behind the power utility and provide the necessary support to Eskom to ensure the security of electricity supply going forward.

“It is equally important that Eskom responds appropriately by moving forward to the next level,” she added.

While the energy policy and regulatory environment has reportedly been characterised by uncertainty, an interdepartmental task team comprising of the departments of Public Enterprises, Energy and National Treasury have been working with Eskom and the national regulator to formulate a solution to the challenges facing Eskom.

(READ MORE: Eskom says power system under pressure)

Minister Brown stated the final report should be presented to the Energy Security Cabinet sub-committee, and later to Cabinet, by the end of September.

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