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An international investor has taken up a minority stake in Mulilo Energy, which is chaired by former Eskom veteran Jan Oberholzer.
Eskom board chair Mteto Nyati says the South African media’s reporting on the power utility’s turnaround has been unbalanced due to racism.
Eskom continued to burn diesel worth billions of rands to keep the lights on, substantiating the former chief executive André de Ruyter’s claims.
The name André de Ruyter has become synonymous with load-shedding for many South Africans. Here is what the former CEO believes he could have done to avoid his unfortunate reputation as the country’s “Prince of Darkness.”
According to former Eskom CEO André de Ruyter, no regulator should be setting electricity tariffs in South Africa, the market should decide. The only rule should be a prescribed maximum tariff, he said.
André de Ruyter and his former right-hand man, Jan Oberholzer, have been busy since leaving Eskom more than two years ago.
Former Eskom CEO André de Ruyter argues South Africa’s current crisis is similar to what it experienced just before the end of Apartheid. Fixing it will require a leader making brave moves like then president FW de Klerk did.