We value your privacy

We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. By clicking "Accept All", you consent to our use of cookies. Cookie Policy

Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

ADVERTISEMENT
Africanian
  • News
  • News 24/7
  • Politics
  • Business
  • Health
  • Sports
  • Travel
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
  • Events
No Result
View All Result
Africanian
No Result
View All Result
Home Business

South Africa: CEO of Electricity Company “Eskom” Ousted From Post

Undermined by Scandals and Unable to Supply the Country, Andre de Ruyterwas has been Ousted from his Position

in Business, News, Politics
Reading Time: 2 mins read
0 0
0
South Africa: CEO of Electricity Company “Eskom” Ousted From Post

Andre de Ruyter, Group Chief Executive of state-owned power utility Eskom speaks during a media briefing in Johannesburg, South Africa, January 31, 2020. REUTERS/Sumaya Hisham - RC2ZQE9H93RF

0
SHARES
Share on FacebookShare on TwitterShare via Whatsapp

The CEO of South Africa’s public electricity company Eskom, undermined by scandals and unable to supply the country, was ousted from his post on Wednesday, Eskom announced in a press release. Andre de Ruyter had already announced his resignation in December, but had been expected to stay on until the end of March to give the company time to find a replacement.

Read More: Africa’s longest River is Under Threat, Inciting a Domino Chain Reaction

The Board of Directors decided that Mr. de Ruyter did “not need to serve the remainder of his notice” and was “released from his obligations with immediate effect”, Eskom said. A few hours earlier the former CEO had expressed doubts about the government’s political will to fight against endemic corruption within Eskom.

In December, shortly before submitting his resignation, Mr. de Ruyter had been the victim of an attempted poisoning. South Africa does not produce enough power for its economy and population of 60 million. The continent’s leading industrial power has been subject to scheduled daily blackouts for months, reaching almost 12 noon on some days.

The country experienced a record 207 days of load shedding last year. President Cyril Ramaphosa recently declared a state of national disaster. At the same time he has yet to appoint a Minister of Electricity, a new post dedicated to tackling the crisis, ahead of a cabinet reshuffle.

More

In Tanzania, the Kibuka community has improved their household economy by more than 50%.

Lesotho increases blood collection by 70% between 2017 and 2024

Nigeria accelerates economic transformation with key reforms and signs of recovery

Eskom generates 90 percent of the country’s electricity largely from coal. After years of corruption and mismanagement, it is unable to produce enough in ageing and poorly maintained plants. Eskom is also saddled with colossal debt equivalent to more than 20 billion euros. The state announced last year it will pay half of it.

Read More: Powering trade through AfCFTA, a People-driven Agenda

The bailout will take public debt to nearly 300 billion euros, or 73.6 percent of GDP, over the next three years, according to the finance minister, who added that the country was now spending more money on its debt than on health or defence. The South African central bank is predicting near-zero GDP growth for the year at 0.3 percent, partly because of the energy crisis.

Africanian

Africanian

  • Trending
  • Comments
  • Latest
Rwanda combines youth innovation and circular economy to build a resilient nation

Rwanda combines youth innovation and circular economy to build a resilient nation

July 3, 2025
Weather in South Africa: Climate and Seasons

Weather in South Africa: Climate and Seasons

August 25, 2020
Weather in Kenya: Climate, Seasons, and Average Temperature

Weather in Kenya: Climate, Seasons and Average Temperature

August 26, 2020
In Tanzania, the Kibuka community has improved their household economy by more than 50%.

In Tanzania, the Kibuka community has improved their household economy by more than 50%.

July 11, 2025
Lesotho increases blood collection by 70% between 2017 and 2024

Lesotho increases blood collection by 70% between 2017 and 2024

July 8, 2025
Nigeria accelerates economic transformation with key reforms and signs of recovery

Nigeria accelerates economic transformation with key reforms and signs of recovery

July 7, 2025
Twitter Instagram Youtube Facebook
No Result
View All Result

Africanian News

Is a dedicated project aimed at amplifying the voices of the African Ecosystem and Diaspora. We actively collaborate with initiatives to improve access to education and digital inclusion, both in traditional schools and through digital platforms, for African children.

It’s crucial to emphasize that none of the articles or images featured on our platform are intended for copyright infringement, neither now nor in the future. If you believe that any information, text, image, etc., may be subject to copyright and should be removed, please notify us by sending an email to info@africanian.com

Your dreams matter; your stories matter.

Feel free to explore collaboration opportunities with us. Share your articles, thoughts, interviews, experiments, or no-comment videos by reaching out to info@africanian.com. You can also subscribe to our mailing list to receive the latest updates from Africanian News.

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

No Result
View All Result
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Entertainment
  • Tech
  • Travel
  • World

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.