CURRENT AFFAIRS

Detailed explanation-1: -JOHANNESBURG, Feb 22 (Reuters)-Andre de Ruyter, the chief executive of South Africa’s state power utility Eskom, will leave the company with immediate effect, Eskom said on Wednesday. Eskom said in a statement that the decision was taken following a special meeting between the company’s board and de Ruyter.

Detailed explanation-2: -The appointment is effective immediately and follows André de Ruyter’s sudden departure from the power utility earlier this week.

Detailed explanation-3: -Wednesday, 22 February 2023: Following the convening of a special Board meeting on 22 February 2023, the Eskom Board and Group Chief Executive (GCE) Andrè de Ruyter have reached mutual agreement to curtail his notice period to 28 February 2023.

Detailed explanation-4: -De Ruyter, who is currently the longest-serving Eskom Chief Executive, issued his resignation in December 2022.

Detailed explanation-5: -Eskom’s CEO, Andre de Ruyter, has been “released” from his job “with immediate effect, ” the company said Thursday in a statement. De Ruyter submitted his resignation late last year, saying he was unable to turn the graft-riddled utility around.