Eskom CEO Andre de Ruyter's impressive performance

[Jan]

Eskom CEO Andre de Ruyter's incredible achievement

Andre de Ruyter has achieved something that no other Eskom CEO over the past fifteen years could do — reduce debt.

Eskom’s debt securities and borrowings increased from R30 billion in 2005 to over R488 billion in March 2020.

The rapid escalation of debt was a result of gross mismanagement, corruption, and poor procurement processes at the power utility.

The Medupi and Kusile mega-projects played a particularly big part.

The two coal-fired power plants were supposed to be completed by 2015 at a cost of R163-billion. Six years later they are still not finished, and their cost ballooned to R451-billion.

 

[Pineapple Smurf]

Well Done Andre

 

[karnuffel]

I think it takes a flippen special kind of person to cope with the **** that comes with this job. Well done Andre, you've done well with the hospital pass you received/took

 

[TheChamp]

Well done to him, his management team and everyone at Eskom.

 

[Hamster]

Nice

/adds to "the list"

 

[yebocan]

now that is how you start flattening a curve.... slowly but surely, closing all those inefficient and most importantly corrupt taps in Eskom. Thank you , Andre de Ruyter

 

[Johnatan56]

Many people have highlighted that Eskom is overstaffed and that an easy way to cut costs is to retrench staff. This is, however, not on the cards.

De Ruyter said from the outset they have agreed that there will be no forced retrenchments at Eskom, and this is an area which they will not budge on.

That's the main bulk of their costs though. I would guess the keyword there is forced, since e.g. power plant closing isn't "forced".

 

[ToxicBunny]

Its an impressive movement in the right direction.

 

[Lupus]

I think it takes a flippen special kind of person to cope with the **** that comes with this job. Well done Andre, you've done well with the hospital pass you received/took

The amount of racism thrown at him as well, also apparently you cannot defend him as you're a white guy defending a white guy.

 

[Scorpion101]

I hate Eskom. But I can’t argue the achievements and figures presented. I hope he continues weeding out the bad elements in Eskom and someday restore the power utility to its former glory.

 

[isie]

But he is white he is only targeting the blacks to get the money


we really need a sarcasm font here

 

[TheChamp]

A couple of SOEs looks to be headed in the right direction, I told you people that the New Dawn is real.

 

[Lupus]

A couple of SOEs looks to be headed in the right direction, I told you people that the New Dawn is real.

Where are the others?

 

[d0b33]

He does seem to have a passion for leadership and problem solving. Not everyone has that quality which makes him the ideal person for the role.

 

[TheChamp]

Where are the others?

Transnet, SABC and RAF.

 

[ToxicBunny]

Transnet, SABC and RAF.

RAF?

I might not be following that news.... mind enlightening us?

 

[TheChamp]

I hate Eskom. But I can’t argue the achievements and figures presented. I hope he continues weeding out the bad elements in Eskom and someday restore the power utility to its former glory.

You are able to do that? Some people flatly refused to accept the achievements and figures when presented by the SABC last week.

 

[TheChamp]

RAF?

I might not be following that news.... mind enlightening us?

I posted a thread in N&CA, it must still be on the first page.

 

[TheMightyQuin]

Transnet, SABC and RAF.

Transnet is destroyed beyond repair. Whole train stations dismantled and stolen.
RAF "turnaround" is smoke and mirrors and "financial figure" juggling. It's easy showing a surplus when you rake in R2 billion a month, but pay out nothing.
SABC....a dinosaur that has no reason to exist anymore.

 

[TheMightyQuin]

RAF?

I might not be following that news.... mind enlightening us?

This nonsense...

'RAF has recorded a R3.2 billion surplus for first time in decades' - Mbalula

Transport Minister Fikile Mbalula is optimistic they are on the right path to turn the troubled Road Accident Fund (RAF) into a sustainable and equitable road accident scheme. For years, the RAF has struggled with financial woes, but during a media briefing on Monday, Mbalula said that the...

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