News and updates from the continent

Matona the man for embattled Eskom

Matona the man for embattled Eskom

Aug 25, 2014

With Cabinet appointing Tshediso Matona as the new CEO of South Africa’s utility giant Eskom on Wednesday 20 August, the question on everybody’s lips is: “Does he have the power to get Eskom back on track?” Public Enterprises Minister Lynne Brown seems to think so.

Matona holds degrees in economics from the Universities of Cape Town (South Africa) and East Anglia (UK), and certificates in trade law and management in government from Maastricht University (Netherlands) and Harvard University’s JF Kennedy School of Government (USA).

An impressive CV and many achievements includes being former director-general of the Department of Trade and Industry, with a good understanding of both economics and state-owned companies. Still, Matona will take top spot at Eskom at a critical time in the company’s life: Ongoing electricity issues with constant supply shortages; funding scarcity; the Medupi and Kusile coal-fired power stations needing to be completed; and rumours abound over the possible privatisation of some of Eskom’s assets.

and Matona takes the reins from acting CEO Collin Matjila on 1 September 2014. It will not be an easy job, but Minister Brown has been reported as saying she has “absolute faith” in Matona replacing ex CEO Brian Dames, who left in March 2014.

Leave a Reply

Your email address will not be published. Required fields are marked *