Open figure viewer
Significance
The appointment follows Minister of Public Enterprises Pravin Gordhan's reconstitution of the Eskom board in January, aimed at restoring credible governance to the utility, which has been plagued by corruption allegations and a liquidity crisis. Hadebe is the twelfth acting or permanent head of Eskom in the last decade.
Impacts
Partial reforms to state-owned enterprises (SOEs) are unlikely to be sufficient for rating agency upgrades later this year.
ANC efforts to tone down proposed controversial land reform measures, by avoiding constitutional amendment, may partially placate investors.
Proposed tariff hikes by Eskom will face opposition from opposition parties, trade unions and industry groups.
Keywords:
South Africa,
AF,
economy,
industry,
politics,
energy,
social,
corruption,
debt,
government,
nuclear energy,
opposition,
party,
policy,
prices,
protest,
reform,
renewable energy,
wages,
infrastructure
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2018
You do not currently have access to this content.
