CESA: Eskom is in good hands

August 25th, 2014, Published in Articles: Energize, Articles: Vector

 

Consulting Engineers South Africa (CESA) has applauded the appointment of Department of Public Enterprises Director General Tshediso Matona, as the chief executive of Eskom, saying that Matona brings with him fresh ideas to resuscitate the ailing state power utility.

The body is confident that he will come up with fresh new 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 maneuver itself out of the operational deficiencies and dire financial position exacerbated by lower tariffs approved by the National Energy Regulator of South Africa (Nersa). CESA’s CEO, Lefadi Makibinyane, says CESA member firms are ready to work with Matona as trusted advisors and partners.

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 (DTI) for five years. While at the DTI 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 a few, highlighting his experience of  Financial Market dynamics.

In recent months he has played a key role in the inter-departmental task team 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 the utility. The task team should present its report to Cabinet by September.

Makibinyane says that it can therefore be concluded that the Minister of Public Enterprises Lynne Brown has indeed made the best appointment for CEO of Eskom as she recently promised at the New Age Business Briefing Morning Live Show event at the Hyatt Hotel which CESA attended. “Matona has the best experience and exposure to take Eskom forward and contribute to national power security that will ensure the accelerated growth of the economy of South Africa”, he says.

Matona cut his teeth in Government as a trade negotiator in Geneva at the World Trade Organisation, has been at the centre of Government policy planning and has led the implementation of its major strategic programmes in the fields of international trade, industrial development and investment facilitation, enterprise development, economic regulation, broad-based black economic empowerment and infrastructure development.

Matona holds a Master’s degree in development economics from the University of East Anglia (UK, 1994), and a bachelor degree (with honours)  in economics and political science from the University of Cape Town (1992). Since then he has completed various certificates including executive management (2005) and infrastructure development from Harvard University’s Kennedy School of Government (2011).

Contact Dennis Ndaba, CESA, Tel 073 981-2066, dennis@cesa.co.za

 

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