SOUTH Africa revamped the board of state power utility Eskom Holdings SOC Ltd., including naming Mpho Makwana as its new chairman, as the government searches for solutions to end a worsening energy crisis that’s crippling the economy.
Eskom, which supplies more than 90% of the power used in Africa’s most-industrialized economy, has imposed record power cuts this year, despite a program to improve maintenance on its old and unreliable coal-fired plants. The addition of several board members with technical expertise is the latest move by President Cyril Ramaphosa’s administration to improve its performance.
Chief Executive Officer Andre de Ruyter and Chief Financial Officer Calib Cassim will retain their posts, as will Rod Crompton, who served on the previous board, Public Enterprises Minister Pravin Gordhan said in an online briefing on Friday.
“The new board brings broad experience, expertise and skills that will provide stability and strategic direction to the entity,” the
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