{"id":42482,"date":"2023-01-09T15:56:48","date_gmt":"2023-01-09T15:56:48","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/ramaphosa-says-hell-applaud-anyone-who-takes-job-as-eskom-ceo"},"modified":"2023-01-09T17:16:11","modified_gmt":"2023-01-09T17:16:11","slug":"ramaphosa-says-hell-applaud-anyone-who-takes-job-as-eskom-ceo","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/ramaphosa-says-hell-applaud-anyone-who-takes-job-as-eskom-ceo","title":{"rendered":"Ramaphosa says he’ll applaud anyone who takes job as Eskom CEO"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>President Cyril Ramaphosa said he will “applaud” the person who agrees to take over as the chief executive officer of the beleaguered state power utility Eskom.<\/p>\n

Eskom\u2019s current CEO Andre de Ruyter last month said he will step down at the end of March.<\/p>\n

The utility has been criticised for subjecting the nation to the worst rolling power cuts \u2014 known as load shedding \u2014 since 2008. De Ruyter, who took over the role in early 2020, said he survived an attempt on his life in December.<\/p>\n

“It\u2019s a difficult job,” Ramaphosa said during a media briefing. “I applaud anyone who takes that job.”<\/p>\n

South Africa saw 205 days of load shedding last year, which discouraged companies from expanding and adding jobs. The company\u2019s coal-fired plants regularly break down and it doesn\u2019t have money to buy diesel that\u2019s needed to supplement its generation capacity.<\/p>\n

Armageddon<\/b><\/p>\n

“We are dealing with it as urgently as we possibly can,” Ramaphosa said. “We should be pleased that the grid had not collapsed, that would be the worst Armageddon.”<\/p>\n

Then there\u2019s Eskom\u2019s R396.3 billion of debt obligations. Eskom\u2019s interest bill and loan repayments will jump to R81 billion in the 12 months to end March before the government takes over part of the company\u2019s debt.<\/p>\n

Last month, Deloitte & Touche, Eskom\u2019s auditor, expressed concern that the company may not be able to continue operating. The auditor found evidence of failure by the utility to take action to correct breaches of the National Environment Management Act or comply with the Public Finance Management Act, Eskom said in a stock-exchange filing.<\/p>\n

Other irregularities were also identified, including the purposeful destruction of tender documents in a fire, the possible recreation or falsification of records and a failure to investigate and report financial misconduct and irregularities.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. President Cyril Ramaphosa said he will “applaud” the person who agrees to take over as the chief executive officer of the beleaguered state power utility Eskom. Eskom\u2019s current CEO Andre de Ruyter last month said he will step down at the end of March. The utility has been criticised for subjecting the […]<\/p>\n","protected":false},"author":84,"featured_media":42481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[274,315,1562,235,127,303,275],"class_list":["post-42482","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-south-africa","tag-andre-de-ruyter","tag-cyril-ramaphosa","tag-eskom","tag-load-shedding","tag-south-africa-2"],"yoast_head":"\nRamaphosa says he'll applaud anyone who takes job as Eskom CEO - South Africa<\/title>\n<meta name=\"description\" content=\"President Cyril Ramaphosa said he will "applaud" the person who agrees to take over as the chief executive officer of th ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ramaphosa-says-hell-applaud-anyone-who-takes-job-as-eskom-ceo\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ramaphosa says he'll applaud anyone who takes job as Eskom CEO\" \/>\n<meta property=\"og:description\" content=\"President Cyril Ramaphosa said he will "applaud" the person who agrees to take over as the chief executive officer of th ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ramaphosa-says-hell-applaud-anyone-who-takes-job-as-eskom-ceo\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-09T15:56:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-09T17:16:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/01\/postQueueImg_1673267215.57.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1618\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ramaphosa-says-hell-applaud-anyone-who-takes-job-as-eskom-ceo#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ramaphosa-says-hell-applaud-anyone-who-takes-job-as-eskom-ceo\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Ramaphosa says he’ll applaud anyone who takes job as Eskom CEO\",\"datePublished\":\"2023-01-09T15:56:48+00:00\",\"dateModified\":\"2023-01-09T17:16:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ramaphosa-says-hell-applaud-anyone-who-takes-job-as-eskom-ceo\"},\"wordCount\":325,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ramaphosa-says-hell-applaud-anyone-who-takes-job-as-eskom-ceo#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2023\/01\/postQueueImg_1673267215.57.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"andre de ruyter\",\"Cyril Ramaphosa\",\"Eskom\",\"load shedding\",\"South-Africa\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ramaphosa-says-hell-applaud-anyone-who-takes-job-as-eskom-ceo#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ramaphosa-says-hell-applaud-anyone-who-takes-job-as-eskom-ceo\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ramaphosa-says-hell-applaud-anyone-who-takes-job-as-eskom-ceo\",\"name\":\"Ramaphosa says he'll applaud anyone who takes job as Eskom CEO - 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