“I THINK WE ARE IN A FORTUNATE POSITION THAT WE ARE FACED WITH AN ARRAY OF POWER STATIONS THAT ARE RAPIDLY APPROACHING THE END OF LIFE.”
André de Ruyter is the most important businessman in South Africa today. If the Eskom CEO can’t deal with its debt, its notorious inefficiency and the load-shedding problems, the whole country will suffer. It wasn’t helped by an explosion in Medupi in August which caused an estimated R2bn in damages and will take two years to repair.
De Ruyter is planning to evolve Eskom into a modern power utility, lessening its dependence of coal and embracing cheaper technologies in renewables, while keeping an eye on the upcoming EU carbon border tax.
