Business Lead South Africa

Numsa condemns Eskom decision to re-instate Matshela Koko, threatens legal steps

JOHANNESBURG, January 6 – The National Union of Metalworkers of South Africa (Numsa) has condemns the decision by the Eskom board to re-instate former acting CEO Matshela Koko and acting head of group capital Prish Govender to their positions, and threatened legal action over the “seemingly bogus disciplinary process”. Koko was disciplined for nepotism and […]

In The News South Africa

Eskom reinstates embattled executives Matshela Koko and Prish Govender

JOHANNESBURG, January 3 – South African power utility, Eskom confirmed on Wednesday that former acting chief executive Matshela Koko and former acting group executive for group capital, Prish Govender, have been reinstated after they were cleared in disciplinary hearings. Eskom spokesperson, Khulu Phasiwe, said that the disciplinary hearings for the executives had been transparent and […]

In The News South Africa

#ANC54: ANC wants new mechanisms to hold government officials accountable

JOHANNESBURG, December 20 – The African National Congress (ANC) needed to come up with effective tools to hold people it deploys to government accountable, especially at state-owned enterprises (SOEs), the party’s Legislature and Governance Commission proposed on Wednesday. ”Regarding MPs [Members of Parliament], MPLs [Members of provincial legislatures], councillors in [local] government and matters relating […]

In The News South Africa

Appointment of new Eskom CEO a priority – Minister Brown

JOHANNESBURG, December 15 – Public Enterprises minister Lynne Brown said on Friday that the process of appointing a new permanent group chief executive for power utility Eskom was “a priority” and that the finalization of the investigation into suspended executives was of “paramount importance”. This comes as news emerged early on Friday that suspended acting chief […]

In The News South Africa

South Africa’s power firm Eskom treats pensioners to early Christmas present

UTRECHT December 11– Christmas came early for 100 pensioners in South Africa’s KwaZulu-Natal province on Friday when state power utility Eskom treated them to lunch and food hampers as part of its corporate social investment programme. The event coincided with Eskom’s participation in a 16 day national campaign to fight violence against women and children. “I […]

In The News South Africa

Minister Brown names New Eskom board

JOHANNESBURG, December 8 – The department of public enterprises on Friday, announced that Cabinet approved the new board of South Africa’s state-owned power utility Eskom on a three-year term, retaining seven of the interim members and two new members. “Cabinet has approved a new Board for Eskom on a three-year term subject to an annual review, and expressed […]