Phakamani Hadebe has a job nobody wants. The soon-to-be
former Eskom CEO, who announced that he will resign on Friday, reportedly had
to be carried out of his office twice this year. This according to a report in
Sunday paper Rapport.
Hadebe will step down from the job at the end of July 2019. According to Rapport, his health has suffered terribly, to the point that he collapsed in his office and had to be taken away in an ambulance. The paper also claimed that he tried, unsuccessfully, to resign twice before.
Hadebe’s resignation mentioned health concerns
In the announcement of his resignation, Hadebe confirmed
that he made the decision due to his health.
He said that it would be “in the best interests of Eskom and
my family” to step down.”
“It was a privilege to serve South Africans as the Group Chief Executive of Eskom. I am humbled and grateful to have contributed towards the stability for an organisation that is critical to our economy.”
Hadebe worked in the National Treasury for five years before serving as the Chief Executive Officer and Director of the Land and Agricultural Development Bank of South Africa from 2008 until 2013.
Health and other factors at play
EE Publishers and energy expert Chris Yelland confirmed the reports that Hadebe’s health has suffered, but said that there are other factors also at play.
Yelland claimed that there are a “whole lot of things
coming together”. Cyril Ramaphosa’s looming cabinet announcement
apparently also influenced Hadebe’s decision to step down.
Anton Eberhard, the chairperson of Ramaphosa’s task team on Eskom’s sustainability, revealed on social media that the resignation had been expected for some time. In a Tweet that has since been deleted, Eberhard said:
“Thank goodness. What has been known behind the scenes since April is now official and public,” Eberhard said.
“Now we need urgently to strengthen both executive management and the Board at South Africa’s national power utility.”
He later calrified:
Public Enterprises Minister Pravin Gordhan’s hands-on approach with Eskom might have triggered questions of trust.
Eskom is expected to release its financials soon and it
won’t be a pretty picture. Reports suggest that the losses could amount to over