Business In The News South Africa

Black Business Council meets to discuss leadership crisis at Eskom

JOHANNESBURG, October 9 – The Black Business Council (BBC) is meeting all its national office bearers on Monday to address the parlous state of leadership at Eskom.
On Friday Eskom appointed its chief information officer and group executive for information technology, Sean Maritz, as its interim group chief executive in a “rotational basis” of the executive role.
“The decision to rotate the interim chief executive position was taken with the approval of the shareholder to, inter alia, give exposure to another member of the executive team without compromising organisational stability,” Eskom said.
Maritz joined the executive committee in June last year after 28 years at Eskom. He replaced Johnny Dladla who occupied the role of interim group chief executive since June following the suspension of another interim group chief executive, Matshela Koko.
Dladla has gone back to his role as the chief executive of Eskom Rotek Industries (ERI).
The revolving door at the office of Eskom group chief executive means that Maritz is now the power utility’s sixth head in just four years after Brian Dames, Tshediso Matona, Brian Molefe, Koko, and Dladla.
Eskom has not had a permanent chief executive since Brian Molefe shed tears in public and resigned in December 2016 after he was fingered in the Public Protector’s “State of Capture” report. Molefe had a short stint as an MP before he returned to lead Eskom – only to be kicked out unceremoniously soon after.
Matters came to a head when the Development Bank of South Africa threatened to recall a R15 billion loan advanced to Eskom if no action was taken against erring officials, including Singh and Koko.
A report compiled by Eskom and G9 Forensics found that the two consulting firms including Gupta owned Trillian Capital Partners and McKinsey made R1.6 billion in fees with an additional R7.8 billion to made from future contracts.
Eskom has issued an ultimatum to recover the monies it had unlawfully paid to McKinsey and Trillian.
The Minister for Public Enterprises, Lynne Brown, has instructed Eskom to take legal action against firms and individuals involved in siphoning off more than a billion rand from the power utility.
Last month, Business Leadership South Africa suspended the membership of Eskom over allegations of “state capture”.
Today the BBC is meeting to consider what action it can take to help fix Eskom’s leadership woes.

ANA

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