Calib Cassim appointed as Eskom interim CEO

Eish, making a guy with no technical background to be the CEO of a power generation company, we shall see how well this goes, did anyone from the outside put their hand up for this job?
 
kota said:
Eish, making a guy with no technical background to be the CEO of a power generation company, we shall see how well this goes, did anyone from the outside put their hand up for this job?
Click to expand...
I still don't believe you need a technical background to be group CEO.
You need to surround yourself with people who DO have a technical clue, especially in the operations and planning spaces, but it's far more important that you have skills relating to running/growing a business.
 
Sinbad said:
I still don't believe you need a technical background to be group CEO.
You need to surround yourself with people who DO have a technical clue, especially in the operations and planning spaces, but it's far more important that you have skills relating to running/growing a business.
Click to expand...
100x this.

God its great when I can read something sensible in these threads.

I will say though with Eskom it's so complicated. It's a business that cannot grow, has such an ageing fleet, that the only future for us is their demise, and there is 400 billion rands of debt. It is a poisoned chalice, because as a businessman, you need to switch to crisis mode and not leave that mode.

The simple truth is Eskom is DYING, and that is what we are witnessing. It has been dying for a long time, and this is pretty well known (unless you are a propaganda zombie who thinks when load shedding isn't going on everything is magically fixed). Load Shedding, political interference, corruption, skill shortage etc etc etc are all symptoms and causes of the collapse.
 
Last edited:
Sinbad said:
I still don't believe you need a technical background to be group CEO.
You need to surround yourself with people who DO have a technical clue, especially in the operations and planning spaces, but it's far more important that you have skills relating to running/growing a business.
Click to expand...
Smart bosses get people who can do the job, then manage them well.

Bad bosses causes good workers to quit.
 
Jer1cho said:
100x this.

God its great when I can read something sensible in these threads.

I will say though with Eskom it's so complicated. It's a business that cannot grow, has such an ageing fleet, that the only future for us is their demise, and there is 400 billion rands of debt. It is a poisoned chalice, because as a businessman, you need to switch to crisis mode and not leave that mode.

The simple truth is Eskom is DYING, and that is what we are witnessing. It has been dying for a long time, and this is pretty well known (unless you are a propaganda zombie who thinks when load shedding isn't going on everything is magically fixed). Load Shedding, political interference, corruption, skill shortage etc etc etc are all symptoms and causes of the collapse.
Click to expand...
De Ruyter understood this. He said as much in the interview - priority should be on unbundling and focusing on transmission and distribution, let the generation side die, and hand that to the private sector.
 
Sinbad said:
De Ruyter understood this. He said as much in the interview - priority should be on unbundling and focusing on transmission and distribution, let the generation side die, and hand that to the private sector.
Click to expand...
It do make sense.

But unfirtunately the mafia won't let it happen. They're happy with the way things are right now.
 
Sinbad said:
I still don't believe you need a technical background to be group CEO.
You need to surround yourself with people who DO have a technical clue, especially in the operations and planning spaces, but it's far more important that you have skills relating to running/growing a business.
Click to expand...
I don't think it is that clear cut, depending on which company and their current goal / issues, I would agree with you, but I see eskom's current issue being a fleet of old unreliable plants due to years of neglect while being pushed to the limit, new plants built have lots of design flaws, tons of political interference and corruptions is rife. So eskom needs someone that is knowledgeable in multiple fields, and in my experience, it's easier for someone with technical knowledge to get the financial side via MBA than the other way around.

It is easy for us to say that the CEO don't need to be an expert and just need to surround himself with good people that can do the job and then manage those people, simple and logical. While I agree that obviously the CEO doesn't need to be an expert in everything, he should at least be technically aware in eskom's case, and we should realize by now that eskom is stuck with the people they have, if it was that easy to fire incompetent plant managers and appoint new competent people to mid - senior positions, and if eskom do indeed have good people in the right place currently, I am sure ADR would have had a much easier time at eskom and the plants conditions wouldn't have been as bad as they are now.

So in eskom's case, I believe the CEO should at least have some technical knowledgeable to assist him in discerning what is bs and what is indeed necessary, because at the end of the day, he is the decision maker and he needs to understand the problem or asks the right questions in order to find the best solution. But I will be more than happy for Calib to prove me wrong on this one.
 
Jer1cho said:
Plenty. Do you have comprehension skills yet?

This is the tactic you people use. You dont want the truth, you dont want to admit responsibility. Instead, you use all the energy you have to discredit the ones exposing the rot.

You cant play the game, because you don't care for the rules. You just play the man, because that is what fits your narrative. It's quite frankly pathetic.
Click to expand...
Im being attacked
 
Pak Fa Fui said:
Im being attacked
Click to expand...
EUsWZ1pWsAIYy4b.jpg
 
Jer1cho said:
We have been Grey Listed officially. One more accolade for the ANC.
Click to expand...
businesstech.co.za

South Africa likely to be greylisted today

South Africa should brace for a greylisting announcement today.
businesstech.co.za businesstech.co.za

South Africa will be added to a global watchdog’s list of nations that have failed to adequately tackle illicit financial flows, the head of the nation’s tax agency said.

The Financial Action Task Force, which polices compliance with anti-money laundering and terror-financing measures, is expected to give its decision on Friday whether to include South Africa on its so-called grey list.

That’s after an evaluation carried out in 2019 following an era of endemic state corruption found Africa’s most-industrialized economy lacking in all 11 of its effectiveness measures to combat dirty-money flows.

“It is a very rule-driven system which means if you have any outstanding actions then you go onto the grey list, or what they call the observation list,” South African Revenue Service Commissioner Edward Kieswetter said in an online panel discussion hosted by PwC on Friday.

“We started with well over 130 outstanding actions, we are in low double digits now, so we’ve done remarkably well in terms of strengthening the system and I think that will begin to gain momentum.”

Being added to the list may have far-reaching consequences for South Africa’s financial system, cause it reputational damage and possibly lead to capital and currency outflows, the central bank said in May.

Finance minister Enoch Godongwana has already signalled that South Africa will likely be grelisted, and during his budget speech this week said that the country should be prepared for the possibility.

In the budget itself, National Treasury said that “over the longer term, government has asked the FATF to formally reassess South Africa’s compliance during its June 2023 plenary”.

This advance alert for another review has been taken by some investors to mean that a greylisting is now likely, and even expected by the government.

The FATF has been meeting this week and is expected to announce any greylisting actions in a media briefing after the close of the meetings. This is currently scheduled for 18h00 local time.
Click to expand...
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X