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Eskom chief executive Phakamani Hadebe to resign

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Christian Fernsby | Johannesburg, South Africa | May 31, 2019
Phakamani HadebeThe chief executive of Eskom, Phakamani Hadebe, said he was stepping down for health reasons.
“It is no secret that this role comes with unimaginable demands which have unfortunately had a negative impact on my health. In the best interests of Eskom and my family, I have therefore decided to step down,” Hadebe said in a statement.

Mr. Hadebe has served in senior management positions in both the private and public sectors.

Most recently Mr. Hadebe was Chief Executive Officer (CEO) Corporate and Investment banking at Barclays Africa where he also led the CIB client strategy for Africa.

Prior to that, Mr. Hadebe was the CEO of the Land and Agricultural Bank, a state-owned enterprise which he managed to turn around to operate profitably over five years during his tenure.

Mr. Hadebe spent most of his career in several challenging roles at National Treasury of South Africa

In his role as Head of Assets and Liabilities division within National Treasury, from 2003-2008, Mr. Hadebe was responsible for government debt management and sovereign risk management and National Treasury’s oversight of all state-owned enterprises.