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Inside the disaster called Nampak, alma mater of new Eskom CEO Andre de Ruyter

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New Eskom CEO Andre de Ruyter has been burdened with the hopes of a nation long tired of rolling blackouts and high annual tariff increases. With so much at stake, it's not surprising his track record is being scrutinised in great detail. Sources inside the group whisper of the great job he did at Sasol when charged with turning around one of the energy group's problem children. But that success was not replicated after he became CEO of troubled packaging group Nampak in 2014 - long-suffering shareholders experiencing a 90% meltdown in the value of their investment while De Ruyter was at the helm. Chris Logan of Opportune Investments, who has been jousting with the Nampak board of directors for years, posed some tough questions at yesterday's Annual General Meeting. Logan shares them with us - and in the wake of the disaster De Ruyter left behind, applies his mind to the obvious question of whether Eskom's new CEO is the right person for his new hot seat. - Alec Hogg Learn more about your ad choices. Visit megaphone.fm/adchoices
12 Feb 2020 6AM English South Africa Investing · Business News

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