It is currently implementing the worst level of power cuts the country has yet seen. Earlier on Wednesday, the South African government said it plans to take on more than half of Eskom's 423 billion rand ($23 billion) debt over the next three years to help strengthen its balance sheet and operations and enable it to restructure. ($1 = 18.2357 rand) (Reporting by Bhargav Acharya; Editing by Leslie Adler, William Maclean)
(Adds detail on CEO departure, background)
JOHANNESBURG, Feb 22 (Reuters) - Andre de Ruyter, the
chief executive of South Africa's state power utility Eskom,
will leave the company with immediate effect, Eskom said on
Wednesday.
Eskom said in a statement that the decision was taken
following a special meeting between the company's board and de
Ruyter.
"The board... resolved that... he will be released from his
position with immediate effect," it said.
De Ruyter had already resigned from the struggling utility
in December, but had agreed to stay on the job till March 31 as
the utility tried to find a replacement.
Debt-saddled Eskom has struggled for years to meet
electricity demand in South Africa, leading to public
frustration, damaging businesses and prompting calls for
resignations at the company.
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