Transnet group CEO Brian Molefe says a newly secured R1.1-billion loan is a good sign.
JOHANNESBURG - Brian Molefe has been appointed group CEO of Eskom.
He has been acting in the position for several months.
Government has also confirmed Anoi Singh for the position of chief financial officer and Ben Ngubane as chairperson.
While Singh and Molefe&39;s appointments are likely to be welcomed, Ngubane’s is politically questionable.
He’s said to be favoured by President Jacob Zuma, and his tenure as chair of the SABC board was marred by controversy.
The announcement comes after the previous board left amid claims of inefficiencies.
Brian Molefe was seconded from freight giant Transnet to the embattled power parastatal.
His appointment follows the dissolution of Eskom&39;s previous board, amid claims of corruption and inefficiencies.
During his tenure at Transnet, Molefe oversaw an improvement in rail services and at least one economist says Eskom has also benefited under his leadership.
Economist Ian Cruickshanks says, "He has been overseeing a better experience, from the consumer&39;s point of view, the business point of view and from Eskom, and this is very important."
Ngubane has been appointed for a period of three years. This means Transnet will now have to appoint new leaders.
Public enterprises minister, Lynne Brown, has defended Ngubane&39;s appointment, saying he&39;s helped stabilise the parastatal.
"The company has actually stabilised. In fact, the citizens of this country can attest to that. There&39;s been no load shedding except for two hours a couple of days ago ... And we can see that Medupi has come online as well before the times that they were actually suppposed to come on."
Ngubane has been appointed for a period of three years. Molefe and Singh&39;s appointments take effect immediately.