Challenges facing Eskom require the right skills and support for its leadership, says former Eskom executive Sir Mick Davis. Its assets are overvalued and it has a massive amount of debt," Davis told delegates at the Joburg Indaba, a mining industry conference. A former executive director at Eskom, Davis has a long association with the mining industry, having been the head of Xstrata and leading the creation of Ingwe Coal as well as the listing of BHP Billiton on the London Stock Exchange. Eskom's challenges can be fixed within a period of a few years with the right focus and the right support for the CEO of Eskom," he said. In the 2019 Budget, National Treasury allocated R23 billion to Eskom to help the company service its debt.

Source: News 24 October 09, 2020 06:00 UTC