Ramaphosa: Hiring Eskom CEO will restore stability

Written by on 22 November, 2019

President, Cyril Ramaphosa, says the appointment of a new permanent Group Chief Executive at Eskom is an important step towards restoring stability, and forging a sustainable path at the strategic entity.

He says the Eskom board working with government, continues to pursue a turnaround plan to address its huge debt its liquidity problems and its operational challenges.

Ramaphosa had been speaking at a meeting with the Black Business Council at the Union Buildings in Tshwane.

The meeting was discussing, among other issues, the expansion of the economy and job creation as the the council which is representing black professionals and business associations and chambers, has partnered with government to accelerate the participation of black business in the mainstream economy.

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Ramaphosa says society should be concerned about the slow pace of transformation in business, especially in the private sector.

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By: Lethiwe Mdluli & Zilungile Mkhize


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