You never want to hear the words “death spiral” used in relation to your country’s power supplier.
Andre de Ruyter is about to take over the most poisoned of chalices, and he’s already catching heat from a number of angles.
When people talk about a poisoned chalice, they may as well be referring to the Eskom CEO position by name. At least the money is pretty darn good.
The state-owned enterprise has been in free fall for years, with gross mismanagement and corruption to blame. Sometimes a picture speaks a thousand words.
Eskom are set to dig deep in an internal investigation into problems at the company. Four board members have been sent to the naughty corner, including CEO Tshediso Matona.