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Eskom announces new boss

Cape Town - Public Enterprises Minister Lynne Brown on Wednesday announced the appointment of Tshediso Matona as Eskom’s new CEO.

Matona, who is the director general at the department of public enterprises from January 2011,  will lead Eskom to take it through a strategic change of direction, Brown said.

Announcing the Eskom board's choice - confirmed by the cabinet - Brown acknowledged debates about semi-privatisation measures which could take the troubled enterprise out of it financial black hole.

Matona will take the helm from acting CEO Collin Matjila on September 1, who took over from Brian Dames, who announced his resignation in December 2013 and stepped down in March.

Brown acknowledged that Matona faced big challenges. Most significant was the nearly R220bn funding shortfall.

This included the gap creating by the recent 8% hike, half of that wanted by Eskom, the current build programme including the power plants, and the future build requirements.

Matona, who  holds a masters degree in development economics from the University of East Anglia, cut his teeth in government as a trade negotiator in Geneva at the World Trade Organisation.

He was also the director general for the department of trade and industry for 5 years from 2006-2010.

 - Fin24


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