Eskom must go for stability before improvement – GE

Troubled South African State power utility Eskom should place emphasis on stability ahead of improvement, GE chairperson and CEO Jeffrey Immelt suggested on Monday. Speaking at the Gordon Institute of Business Science (GIBS) in Johannesburg, the head of the 137-year-old, 350 000-employee US company, which has a market capitalisation of $240-billion, said his experience of business turnarounds was that stability should always come first.