Jabu Mabuza (Eskom board chairman)
is also the Chairman of Telkom SA SOC Limited. He is widely recognised as a successful entrepreneur. He retired from the position of Group Chief Executive of Tsogo Sun Holdings Ltd then served as its Deputy Chairman for a period. Jabu is the current Chairman of the Casino Association of South Africa (CASA), President of Business Unity South Africa (BUSA), Co-Convener of the CEO Initiative, Chairman of the Africa portion of the merged Anheuser-Busch InBev and SABMiller, Chairman of the Business Leadership South Africa (BLSA).
(Previous government as well)
Partners of .. and more millionaires – billionaires
Cabinet says South Africa’s energy supply remains “absolutely imperative” and thrown its weight behind the plan to split the utility into three separate entities.
“The strategic unbundling of Eskom into three separate wholly state-owned entities – generation, transmission and distribution – is required for the long-term sustainability of the power utility and the country,” the statement said.
To address the situation, President Cyril Ramaphosa has appointed a Special Cabinet Committee on Eskom comprising the ministers of public enterprises, energy, finance, transport, intelligence and police.
Deputy President David Mabuza will lead the committee.
Agreements opening the way for the construction of 27 renewable-energy independent power producer (IPP) projects, with a combined investment value of R56-billion and a combined capacity of 2 300 MW, were finally signed on Wednesday April 4, after a confidence-sapping delay of over two years.
Eskom>AREP>IPP – Ramaphosa>Motsepe>Radebe
“At end March 2019, Eskom’s total debt was R440bn. The update will be available when the interim results for the current financial year are published later this year,” Eskom said. Finance minister Tito Mboweni tabled a Special Appropriation Bill in July that would see Eskom receive R26bn in additional support this year and R33bn next year.
Eskom – Ted Blom
Jabu has held a number of directorships within the Southern Sun and Tsogo Sun Groups. He has served on the Board of South African Tourism for nine years and as its Chairman for six years, ending in May 2012. Last year, the University of Witwatersrand (Wits) awarded him with an honorary doctorate in commerce.
Ramaphosa is leading South Africa’s delegation to WEF in Davos next week.
- Jabu Mabuza as chairperson
- Sifiso Dabengwa
- Sindi Mabaso-Koyana
- Mark Lamberti
- Prof Tshepo Mongalo
- Prof Malegapuru Makgoba
- Busisiwe Mavuso
- Nelisiwe Magubane
- Dr Rod Crompton
- George Sebulela
- Dr Pulane Molokwane
- Dr Banothile Makhubela
- Jacky Molisane
Mabuza told Timeslive, “I am very humbled, privileged and honoured to serve our nation. It’s no small task, I know. That being said, someone has to do it. Having just joined the board, I will need to familiarise myself with this very big and critical national asset. I’m afraid, it’s not appropriate for me at this point to make any public announcement about Telkom, pending its release of interim results.”
In a statement released by the ruling party, the African National Congress (ANC), the party stated that it welcomed the decisive action taken by government to speedily intervene to address the challenges plaguing state energy utility, Eskom. Far reaching measures intended to improve governance as well as restore the integrity of the state owned company were announced today in a statement released by Ramaphosa.
“The appointment of an experienced, qualified and credible leadership to the Board of Eskom, as well as the injunction to immediately remove all executives implicated in corruption and other acts of impropriety at Eskom is in line with the key priorities of the African National Congress drawn from the 54th National Conference and the January 8 statement to restore the credibility of public institutions, state owned enterprises and law enforcement agencies. It is also practical action responding to our commitment to confront corruption and state capture in all its forms,” the ANC said in a statement.
“The African National Congress wishes the newly appointed Board of Directors as well as Acting CEO Mr Phakamani Hadebe well in their quest to return Eskom to its rightful place as a high-performance organization with an ethical leadership at the helm. We further assure them of our unwavering support in their mission to serve the public in line with their development mandate,” the statement concluded.