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Tuesday, 23rd April, 2019
 South Africa   ::   News
Meet your African CEO – Phakamani Hadebe
Feb 07, 2019
Source: Ayedero Victor

Phakamani Hadebe is a South African business executive. He is Group Chief Executive of the Eskom and former CEO of the Land and Agricultural Development Bank of South Africa.

Hadebe worked in the National Treasury from 2003 to 2008 serving as Head of Assets and Liabilities. From 2008 to 2013 he was the Chief Executive Officer and Director of the Land and Agricultural Development Bank of South Africa during which he laid charges against the Bank's former CEO (Philemon Mohlahlane) for corruption. Mohlahlane was convicted for corruption in 2018.

From December 2013 until January 2018 he was head the corporate and investment banking division of Barclays Africa. Hadebe was made acting CEO and director of Eskom. He was appointed as CEO of Eskom in May 2018. Hadebe is widely respected for being approachable with his simple demeanour and warm smile concealing a determined and steely resolve to root out the cancer of corruption.

During 2003-2008, he spent most of his career at the National Treasury of South Africa. Within the National Treasury, he served as Head of Assets and Liabilities division. He was responsible for government debt management and sovereign risk management and National Treasury’s oversight of all state-owned enterprises.

Hadebe was identified by the International Monetary Fund (IMF) as a desirable expert to assist in the following roles in the determination of: Fiscal risks vs SOEs, Sovereign borrowings vs SOE borrowings, Corporate governance of SOEs and turning around SOEs.

He has a Masters in Economics from the University of Durban-Westville, an MA in Rurual Development from the University of Sussex, is an alumni of the Wharton Business School and the IMF Institute.

He is on an estimated annual pay of $627,431.92 as at 2018.

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