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

Loading player...
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

Other recent episodes

BNC#8; John Endres Q&A - Jobs, politics and the investment freeze no one wants to admit

South Africa’s future hinges on one simple truth: jobs come from growth, and growth comes from political choices. This sharp discussion unpacks how policy, ideology, and global alignment are choking investment and costing livelihoods. Inside the ANC, paralysis, fear, and patronage block reform - despite clear evidence of what works…
10 Apr 9AM 32 min

Roy Tilley: The municipal "Rates Randage Monster" strangling South Africa's property owners

Durban businessman Roy Tilley says a deeply flawed municipal rates formula is pushing property owners and small businesses toward a financial breaking point. In this interview, the Queensmead industrial property owner explains why he believes ever-rising rates are becoming impossible to absorb, hurting tenants, jobs and investment, and argues that…
10 Apr 9AM 20 min

BNC#8: Magnus Heystek Q&A - The brutal truth about South Africa’s financial future

A sharp, no-holds-barred conversation on South Africa’s financial reality - rising offshore limits, shrinking property values, and the struggle for economic revival. From Johannesburg’s decline to gold’s surge, and investor psychology to policy failures, this discussion cuts through the noise. It’s a candid look at risk, resilience, and the tough…
10 Apr 6AM 34 min