Cabinet approved the appointment of current Department of Public Enterprises Director-General, Tshediso Matona, as the Chief Executive of Eskom at its meeting held in Cape Town today, 20 August 2014.
There is no doubt that Matona will need to tap into his experience to steer the parastatal through its current stormy seas. With Eskom in financial trouble, reportedly from the seemingly never-ending Medupi and Kusile projects that have run both hugely overtime and overbudget, rate hikes that threaten to tip an already fragile economy and plans to start a nuclear power project - that can potentially solve a number of the power generation issues in the country, but is bound to come at a huge cost and be unpopular with environmentalists across the board, CBN wishes Matona luck in his new role, and continues to watch the power provider with interest.
According to the government, Matona brings with him a wealth of experience and is conversant with the challenges facing the parastal. He formally succeeds Brian Dames - who resigned with effect from 31 March 2014. Collin Majila has been Acting Chief Executive since 1 April 2014. Matona has been closely 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 DTI (Department of Trade and Industry) for five years.
In recent months he has played a key role in the inter-departmental task team comprising of the Departments of Public Enterprises, Energy and National Treasury which have been working with Eskom and the National Regulator to formulate a solution to the immediate challenges facing Eskom. The task team is expected to present its report to Cabinet by September.
Matona cut his teeth in government as a trade negotiator in Geneva at the World Trade Organisation. He has also been at the centre of government policy-planning and has led the execution 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 Masters Degree in Development Economics from the University of East Anglia (UK, 1994,) a Bachelor/Honours degrees in Economics and Political Science from the University of Cape Town (1992.) Since then he has completed various certificates including in Executive Management (2005) and Infrastructure Development (2011) from Harvard University’s Kennedy School of Government (USA.)
- He is the former Director General of the Department of Trade and Industry (2006-2010.)
- He also served as Trade Diplomat for South Africa to the UN & World Trade Organisation in Geneva.