Market Indicators
- JSE All Share (ALSI) 66,937.00
- Rand/Euro R 17.43
- Rand/Pound R 20.05
- Rand/US Dollar R 14.49
- Rand/Aus Dollar R 11.18
Make Eskom Great Again
In 2001, Eskom was named as the global power company of the year at the Global Energy Awards hosted by the Financial Times in New York. The utility was commended for its technological innovation, effective maintenance, and low-cost electricity. In the two decades since then, however, a lack of maintenance, rampant corruption and deliberate maladministration has turned the jewel in the state’s crown into a noose.
In 2020 Andre De Ruyter was appointed as the new CEO, tasked with turning Eskom around. So far he has impressed with his business minded approach and no-nonsense attitude. In this month’s article we highlight the cornerstones of De Ruyter’s strategy to make Eskom great again.