Business In The News South Africa

Eskom interim CEO blames “oversight” in friend’s monthly R100k contract

JOHANNESBURG, October 12 – Eskom’s interim group chief executive, Sean Maritz, on Thursday “acknowledged the oversight” in hiring his friend on a R100,000-per-month contract without following proper procedure, but rejected that this was irregular. This comes after weekend media reports that Maritz had previously received a written warning because he did not declare that the lucrative contract was given […]

Business In The News South Africa

Black Business Council says Eskom CEO musical chairs doesn’t inspire confidence

JOHANNESBURG, October 9 – The Black Business Council (BBC) said on Monday that it was concerned by the sudden change of leadership at state-owned power utility Eskom, saying that government must give the enterprise some space and not meddle in its affairs. This comes after Eskom last week appointed its chief information officer and group executive for […]

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 […]

In The News South Africa

SAfrican mineworkers union demands Eskom to ditch rotating CEOs

JOHANNESBURG, October 6 – The National Union of Mineworkers (NUM) on Friday, said that it was highly agitated by the decision of South Africa’s power utility, Eskom’s chairman, Zethembe Khoza to rotate current executives to the role of the company’s group chief executive. This comes after Eskom on Friday appointed its chief information officer and group executive for […]

Business In The News South Africa

Eskom notes suspension of Business Leadership SA membership

JOHANNESBURG, September 28 – Power utility, Eskom, on Thursday, said it noted a decision by Business Leadership South Africa (BLSA) to suspend its membership with immediate effect over allegations of “state capture”.  “Eskom has noted Business Leadership SA’s (BLSA’s) decision to suspend the company’s membership with immediate effect,” the power utility said in a statement. […]

Business In The News South Africa

Brown receives outstanding information on Eskom’s relationship with Gupta-linked Trillian

CAPE TOWN, September 20 – Public Enterprises Minister Lynne Brown has received answers from Eskom to outstanding questions about its relationship with Trillian, a Gupta-linked company, her office said on Wednesday. “Minister Brown last night received Eskom’s responses to her queries. She noted  progress and Eskom will soon announce more details,” her office said. Last […]