In The News South Africa

Suspended Eskom CFO resigns from South Africa’s power utility

JOHANNESBURG, January 23 – Suspended Eskom chief financial officer (CFO), Anoj Singh, resigned on Monday, South Africa’s power utility said. “Eskom has today [on Monday] received, through Mr Anoj Singh’s attorneys, a formal letter of resignation by Mr Singh from his position as the Chief Financial Officer, in line with the terms of his employment contract,” Eskom […]

In The News South Africa

ANC welcomes appointment of new Eskom CEO and board chair and Koko and Singh’s removal

PRETORIA, January 21 – The African National Congress has welcomed the decisive action taken by government to speedily intervene to address the problems plaguing state energy utility Eskom. Far reaching measures intended to improve governance as well as restore the integrity of the state-owned enterprise (SoE) were announced by Deputy President Cyril Ramaphosa on Saturday. […]

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 […]