Bloomberg News reports that according to Public Enterprises Minister Pravin Gordhan, a chief executive officer for beleaguered power utility Eskom will be named by the end of the year.
Eskom has been without a full-time head for more than seven months. Meanwhile, the CEO of Transnet said she would leave the state-owned logistics company by the end of October. Finding the new head for Transnet would take longer, Gordhan said. He indicated in an interview with Bloomberg TV: "Both the entities will have CEOs shortly. Finding the right person is a difficult challenge in the southern African context." SA has been struggling in its bid to revive the two state monopolies. Inefficiencies at Transnet might have cost the country R150 billion in exports last year, according to the Minerals Council SA. Glencore and Seriti Resources over the past two weeks started talks to cut hundreds of jobs because their ability to export coal had been stymied.
- Read the full original of the report in the above regard by Jennifer Zabasajja at Fin24
Get other news reports at the SA Labour News home page