Analyst: Firing Eskom execs won't solve anything

The weakening rand spells more bad news for South Africans and Eskom, with another fuel price hike on the cards from Wednesday. Mike Rossouw, an energy expert, joins us now from Bangkok, Thailand, and Alan Mukoki, CEO of the SA Chamber of Commerce and Industry discussed the situation with eNCA's Dan Moyane. Courtesy of #DStv403

JOHANNESBURG - Energy expert Mike Rossouw says firing anyone at Eskom right now will not solve the problems at the ailing power utility.

Rossouw says CEO Andre de Ruyter is a competent leader and firing him will not bear any fruit.

READ: Eskom to implement various stages of power cuts

He says the biggest problem in the country’s leadership is President Cyril Ramaphosa and his executives who are failing the country dismally.

"I can tell you right now that if they get rid of De Ruyter and his COO they will not get anyone to replace them. Those are competent managers; the problem is that they lack experience in the utility. Half the leadership have left," Rossouw said.

"Firing anyone at Eskom now solves nothing. The biggest problem in leadership lies with the president and his executives. They have failed the country. The economy is not on its knees. We will not see investments in South Africa until these issues are addressed, from the president down."

Source
eNCA

Paid Content