He has no glowing record at SASOL; and at Nampak were he committed a cardinal sin as CEO of destroying shareholder value. He took Nampak from a market cap of R29billion and dropped it to R5billion.
How do you hire such INCOMPETENCE?
The market reacted negatively to he’s appointment in January 2020, which further illustrated how this current government led by Cyril has turned its back towards transformation.
You have a gross over representation of WHITE people, particularly males, in the top positions in SA.
#Eskom sales have dropped significantly creating a huge revenue problem & rising CapEx.
Pravin is MIA; board has no plan while the CEO appears clueless every time he gives those boring briefings.
Clearly ADR is not a multi-skilled person with a good sense of engineering issues.
Maybe; just maybe it's not too late to recall @koko_matshela who for years now, has been highly recommended by Energy expert @tedblom as the most "Qualified, Experienced & Competent Engineer and GCEO at Eskom in the last 20yrs.
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@BrianMbm1 is a South African with experience in running large corporations successfully and with a track record at the power utility.
He understands the culture at Eskom and has the credentials to rescue not just the power utility but the country’s economy. #Eskom#Loadshedding
Under De Ruyter Eskom’s losses increased several tens of billions. Corruption continues unabated; power stations that are in & out of commission, n in some cases – as reported @ Tutuka power station – fuel is stolen to tune of R100m per month. That equates to R1.2bn per annum.
Continued deterioration hampering economic recovery, already under strain due to Covid19 lockdowns.
Eskom must replace management with experienced people who understand current requirements of a power utility n importance of future planning & track record of keeping the lights on
Joined Eskom in 1996 from UCT where he studied Bsc in Chemical Engineering. As Engineer-in-Training, he stationed @ Duvha power station in Mpumalanga.
Became boiler plant engineer manager n pressure parts engineer by 2000 at Duvha
2004 promoted to senior manager for Eskom's engineering enterprises division; 2009 became senior manager for the Generation Division.
He was also a chairman of the Asset Creation Programmes Committee, n his contribution to the field of engineering earned him global recognition.
Chairman of VGB Power Plant Concepts and member of the European Committee of Standardisation.
2010 Koko served as divisional executive for group technology. In 2014 technology group merged with commercial division; n he was appointed group executive for Technology & Commercial