Surprise CEO for Eskom announced

Andre de Ruyter, CEO of packaging group Nampak, has been appointed CEO of Eskom, public enterprises minister Pravin Gordhan announced on Monday. 

The appointment has been keenly awaited by political stakeholders, markets and the public as fixing Eskom is widely acknowledged as the most urgent and pressing priority the economy faces. 

BusinessLIVE reported that De Ruyter was a surprise appointment as it had not been widely known that he had applied for the job. There was a strong lobby within the ANC and broader black lobby groups that the CEO be a black South African.

This is a developing story.