New chief executive announced at Eskom

Tshediso Matona has been named as the new chief executive of dominant South African power utility Eskom.

Mr Matona takes over at a difficult time for the company with a $21.2bn in cashflow shortfall and with blackouts a persistent problem. He replaces Collin Matjila who served as Eskom’s acting chief executive since March 27th following the resignation of Brian Dames.

Matona’s appointment was approved at a Cabinet meeting in Cape Town today, Public Enterprises Minister Lynne Brown told reporters in the city. He was selected from a shortlist of three names submitted by Eskom’s board and will take up the post on Sept. 1.
Tshediso Matona
Matona, a career civil servant, will run a utility that provides 95 percent of South Africa’s power has more than 5.2 million customers and employs about 46,900 people.

Eskom, which has installed capacity of 41,995 MW of electricity across 27 plants, has been forced to implement managed blackouts this year as power demand exceeded supply. It is currently building two new coal-fired facilities -- Medupi and Kusile -- which will be Africa’s biggest when complete.

Matona was the top civil servant at the Department of Public Enterprise and also secretary general of the Department of Trade and Industry.



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