CESA believes that Eskom is in good hands, ELECTRICITY & CONTROL
CESA believes that Eskom is in good hands, ELECTRICITY & CONTROL
Consulting Engineers South Africa (CESA) applauds the appointment of Department of Public Enterprises director-generalTshediso Matona, as the chief executive of Eskom. “We believe that Matona brings with him fresh ideas to resuscitate the ailing State power utility and we are confident that he will come up with fresh strategies to navigate Eskom out of power outages and load shedding that has become the norm. Eskom requires both the financial and technical vigilance to manoeuver itself out of the operational deficiencies and dire financial position exacerbated by the lower tariffs approved by the National Energy Regulator of South Africa (Nersa).CESA member firms are ready to work with Matona as trusted advisors and partners’,’ says CESA chief executive officer, Lefadi Makibinyane. Matona has been directly involved in providing oversight to Eskom and the other State-Owned Companies in the department’s portfolio for the past three years. Prior to that, Matona was the director-general for the Department of trade and Industry (dtic) for five years. During his time at the dtic he was responsible for the oversight of the Industrial Development Corporation of South Africa, the Export Credit Insurance Corporation of South Africa, and the National Empowerment Fund, to mention but few in highlighting his experience of financial market dynamics. In recent months he has played a key role in the Inter-departmental TaskTeam comprising the departments of Public Enterprises, Energy and National Treasury which have been working with Eskom and Nersa to formulate a solution to the immediate challenges facing Eskom.
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