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

Eskom suspends CFO Anoj Singh and takes disciplinary action against former CEO

JOHANNESBURG, September 29 – South Africa’s state-owned power utility Eskom said on Friday that it has suspended Anoj Singh, its chief financial officer implicated in irregular dealings with the politically-connected Gupta business empire, and taken disciplinary action against former acting chief executive, Matshela Koko. This comes after Public Enterprises Minister Lynne Brown gave Eskom a final […]

In The News South Africa

Eskom board confident of turnaround

JOHANNESBURG, July 6 – Eskom’s newly-reconstituted board on Thursday expressed its support on the strides made by executive management in turning around the company’s operational and financial performance, as well as the overall strategy of sustaining this momentum. This comes after a two-day board induction session led by interim chairperson Zethembe Khoza in which Eskom’s key […]