Jabu Mabuza appointed as Eskom’s acting chief executive

South Africa has appointed Jabu Mabuza as acting chief executive of troubled power utility Eskom following a board meeting on Monday, public enterprises minister Pravin Gordhan said.

“I have informed the Eskom annual general meeting this afternoon of my decision to appoint Mr Jabu Mabuza as the interim executive chairman for Eskom and acting CEO of Eskom,” Gordhan said in a statement.

He said Mabuza will be executive chairman and acting CEO for three months, during which time the board will find a new chief to lead the cash-strapped state-owned power utility. 

Source: moneyweb.co.za