More woes for Eskom CEO André de Ruyter
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Most Read 12 April 2021 - 19:48 Sabelo Skiti Eskom CEO André de Ruyter. Picture: BLOOMBERG/WALDO SWIEGERS
Fresh allegations have emerged against Eskom CEO André de Ruyter, with a second executive accusing him of making another three senior appointments without following due process. Business Day has been reliably informed that last week Eskom’s board reversed, within a day, the addition of the names to the terms of reference for the independent investigation, to be done by senior counsel advocate Ishmael Semenya. He would have investigated eight questionable appointments by the CEO but three names have since been removed from that list.
Eskom s De Ruyter made three senior appointments without following proper process claim Eskom CEO Andre de Ruyter. Image: Freddy Mavunda
Fresh allegations have emerged against Eskom CEO Andre de Ruyter, with a second executive accusing him of making another three senior appointments without following due process.
The Sunday Times has been reliably informed that last week Eskom’s board reversed, within a day, the addition of the names to the terms of reference for the independent investigation, to be done by senior counsel advocate Ishmael Semenya. It would have investigated eight questionable appointments but three names have since been removed from that list.
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Eskom reports net profit of R83m Updated
Gaopalelwe Phalaetsile
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Eskom has recorded a 10% drop in sales as it continues to battle debt of R43 billion.
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Releasing the power utility s interim financial results to the end of September, CEO Andre de Ruyter said they have made a net profit of R83 million.
Operating profit has come in at R14.3 billion higher than last year in the same period and this is under very challenging circumstances. Finance costs remain a very substantial negative impact on our income statement at R15.3 billion for the 6 months. Government support has been instrumental in ensuring we can continue servicing our debt, unfortunately, it does not structurally address underlying debt.