Eskom has a new chief executive officer in the form of Tshediso Matona, the current director general of Public Enterprises.
Public Enterprises Minister, Lynne Brown, made the announcement following a cabinet meeting on Wednesday (20 August 2014).
Matona was a former DG of Trade and Industry, between 2006 – 2010.
• He holds graduate degrees in Economics and Politics from the University of
Cape Town (UCT);
• Masters in Development Economics from the University of East Anglia (UK);
• Various certificates, including an Executive Management certificate, and a
certificate in Infrastructure Development from Harvard University’s JF Kennedy School of Government.
An economist by training and an experienced public administrator, Motana held several senior positions in Government throughout his career, and served as a trade diplomat at the SA Embassy to the United Nations (UN) and World Trade Organisation (WTO) in Geneva, Switzerland from 1996 to 1998.
Former Eskom CEO, Brian Dames stepped down from the position at the end of March 2014, and was replaced by former National Energy Regulator of SA chairman, Collin Matjila, in an acting capacity.
In July, Eskom reported a net profit of R7.1 billion for the year ended March 2014, up from R5.2 billion in the previous year.
However, it noted that its earnings were significantly less than the R12.2 billion reported for the six months ended 30 September 2013.
The group has declared four power system emergencies during the course of the year, and on 6 March 2014, it was forced to implement load shedding for the first time since 2008.
This article was first published on BusinessTech.