Fin24

Cabinet shakes up parastatal boards

2011-06-09 11:38

Cape Town - The government has appointed Zola Tsotsi as chairperson of national electricity supplier Eskom, the cabinet spokesperson Jimmy Manyi said on Thursday.

Tsotsi replaces Mpho Makwana, who took over after the resignation of Bobby Godsell amid a dispute between the utility's board and former CEO Jacob Maroga.

Manyi also said that Zoli Kunene had been appointed as chairperson of state arms manufacturer Denel.

Manyi said the appointments were just part of the normal terms of board members and that the names of other new appointments at both state-owned companies would be made available later on Thursday.

Business Day reported on Thursday that Transnet chairperson Mafika Mkwanazi would be moved to Eskom's board as an ordinary member.

Mkwanazi, a former Transnet CEO, also served as acting CEO of the parastatal soon after his appointment as chairperson late last year.

The changes are part of a bid by Public Enterprises Minister Malusi Gigaba to gain greater oversight over SA's most powerful parastatals, Business Day said.

Eskom, which supplies 95% of South Africa's power, is investing R460bn to build new power plants and avoid any repeat of a crisis which forced mines and smelters to shut for days in early 2008 and cost South Africa billions in lost output.

Manyi said the move to replace Makwana was not a reflection on his work, but rather part of the government’s bigger strategy to change the way state-owned companies are run.

"It was done within the broad principles of renewing the board, bringing new thinking and new strategies in," Manyi said.

Foreign investors have been closely watching the leadership battles at Eskom, eager to know if the company would be able to supply them with enough electricity to run their operations and to power their future expansions.

Eskom has said that power supply in South Africa will be tight over the next few years until the first of its new power plants come on stream.

Makwana, who has been part of the Eskom board since 2002, could not be reached for comment.

Manyi said the government was also looking at restructuring the board of state-owned freight logistics Transnet, which is responsible for transporting coal and iron ore from mines to export terminals at the coast.

"There is a possibility that vacancies will be filled at the Transnet annual general meeting later this month and new blood introduced," he said.

Comments
  • Benzo - 2011-06-09 11:42

    WOW, impressive! Alles sal nou reg kom.

      Jacques - 2011-06-09 13:52

      Yeah sure.... And Malema will up his grades in woodwork also...

  • Ross - 2011-06-09 12:12

    Apartheid Denel with all it's Boere engineers have had more chairpersons during the past few years than I have teeth. This Dude will probably be re-deployed within a year or so to make way for another gravy train passenger.

      WALOK - 2011-06-09 12:33

      Yes, the current "Chairman" has made (stolen) enough, someone elses turn now.

      WALOK - 2011-06-09 12:39

      Yes, the current chairman has made(stolen) enough now, someone elses turn now...

  • chiepner - 2011-06-09 12:32

    The question is. Will they be able to deliver and actually do the work or is this just another case of cadre deployement that we got so used to by now?

  • JanRatkas - 2011-06-09 12:38

    ANC logic. Step 1: Appoint useless crony for massively over inflated salary. Step 2: Crony appoint more cronies and gets rid of “dead wood” (read “skills and know how”). Step 3: Cronies bleeds entity dry and runs entity into the ground. Step 4: Cronies blames the apartheid “regime” for the failures. Step 5: Media gets hold of the story and ANC suspends cronies with full pay. Step 6: Crony believes he is entitled to more than full pay and takes ANC to court. Step 7: Go to Step 1.

      MandlaSithole - 2011-06-09 13:00

      Couldn't have put it better myself. Arican National Cronies in action

  • navarac - 2011-06-09 12:43

    It's no longer permissable to refer to a "black-out"; instead one should use the term "previously lit".

      jowza - 2011-06-09 13:22

      lol

  • Spade - 2011-06-09 12:50

    If I say Zuma is my friend, will I also get a chance to run a parastatal?

  • AnakinStealth - 2011-06-09 12:54

    Who the hell is Zola Tsotsi? How can EISHKOM be run by a Tsotsi? (tongue in cheek joke...). Will Tsotsi disband AA at EISHKOM so that white males can also be encouraged to save electricity at peak times? When can I apply for a technical position at EISHKOM? Ooops...

  • bill - 2011-06-09 12:57

    a tsotsi running our electricity-mind the black-outs( pun intended)

  • ratex - 2011-06-09 12:59

    How the hell can we believe you, you lie, you lie, you lie....

  • Staalbal - 2011-06-09 13:07

    Time for a new pig to run the feeding trough

  • Clint - 2011-06-09 13:30

    Manyi you racist

  • Paul - 2011-06-09 13:35

    cadre deployment

  • Wizard101 - 2011-06-09 13:40

    Now the car manufactures can glow again,new cars to be sold(expensive ones)and there more tax money down the drain.Whats new?

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