‘Eskom is unduly obese’
As a former chair of South African state electricity utility Eskom from 1997 to 2002, a former chair of Nedbank, and a close associate of President Thabo Mbeki during his stint as head of South Africa’s NEPAD Business Group, Reuel Khoza has long enjoyed a reputation as a South African business luminary.
Yet to many he is best known for his time as chairman of Eskom, the now stricken state-owned enterprise that is the subject of a planned $4.9bn bailout from the South African government and faces a controversial split into three units covering generation, transmission and distribution in order to secure its financial future.