In The News South Africa

Eskom accepts Matshela Koko’s resignation; reserves rights to institute legal action

JOHANNESBURG, February 16 – The Organisation Undoing Tax Abuse (Outa) has welcomed the departure of Eskom group executive for generation, Matshela Koko, and called on the power utility to ensure that he is prosecuted. “Matshela Koko is a technical delinquent who is beyond redemption as he is unable to acknowledge his own mistakes. This man […]

In The News South Africa

Power utility Eskom executive Koko submits resignation letter

JOHANNESBURG, February 16 – The Democratic Alliance (DA) has welcomed the news that suspended Eskom group executive for power generation, Matshela Koko, has submitted a resignation letter to the power utility on Friday morning. DA spokesperson on energy Natasha Mazzone said that Koko has been one of the key figures implicated in the capture of Eskom and he […]

In The News South Africa

Numsa members picket at Eskom in Bloemfontein

JOHANNESBURG, February 9 – Disgruntled members of the National Union of Metalworkers of South Africa (Numsa) employed at Eskom in Bloemfontein say they will picket against unsafe working conditions on Friday. “Members of Numsa in Bloemfontein are fed up with Eskom management at the Eskom Customer Network Centre in Bloemfontein. They will be picketing against victimisation […]

In The News South Africa

Criminal charges laid against Molefe over R30 million pension payout

PRETORIA, February 6 – Trade union Solidarity on Tuesday laid criminal charges against embattled former Eskom chief executive Brian Molefe and former Eskom board chairperson Ben Ngubane over the R30 million pension awarded to Molefe when he left the struggling state-owned power utility. “The charges focus specifically on fraud because Mr Ngubane and Mr Molefe designed an […]

In The News South Africa

Eskom notes Fitch ratings downgrade, vows to implement turn around strategy

JOHANNESBURG, January 31 – South Africa’s power utility Eskom on Wednesday said that it “noted” the decision by Fitch Ratings Agency to downgrade its long-term local currency Issuer Default Rating (IDR) and unguaranteed local currency senior unsecured ratings to ‘BB-‘ from of ‘BB+’ and maintained the ratings on Rating Watch Negative (RWN). Eskom interim group chief executive, Phakamani […]

Lead South Africa

ANC study group welcomes Molefe court ruling

PARLIAMENT, January December 25 – The African National Congress (ANC) study group on public enterprises said Thursday’s court judgement declaring Brian Molefe’s reinstatement as chief executive of South Africa’s state-owned power utility Eskom, illegal validates the current parliamentary inquiry into governance failures at the electricity generator and distributor.   “We are vindicated by this ruling […]