In The News South Africa

Eskom’s acting chairman wrongfooted in testimony to parliamentary probe

PARLIAMENT, December 6 – Current acting Eskom chairman Zethembe Khoza on Tuesday made the surprising claim before the parliamentary inquiry into the power utility that former CEO Tshediso Matona was suspended to face charges, directly contradicting earlier testimony by board members that he was not suspected of any wrongdoing. Khoza also failed to explain why […]

In The News South Africa

Koko disciplinary hearing ‘fair and transparent’ – Eskom

JOHANNESBURG, November 29 – Stung by criticism, Eskom on Wednesday issued a statement declaring that it’s disciplinary hearing of its suspended group executive, Matshela Koko, was being conducted in “a fair, professional, and transparent manner”. The power utility said it “has noted with great concern” some media reports that had suggested that the disciplinary hearing […]

In The News South Africa

The good members of the Eskom board were removed, former finance director testifies

PARLIAMENT, November 8 – Former Eskom finance director Tsholofelo Molefe on Wednesday told the parliamentary inquiry into the power utility that executives, herself included, were suspended after they resisted pressure to sign agreements with people and entities linked to the Gupta business empire. Molefe testified that in 2014, then acting CEO Colin Matjila wanted her […]

In The News South Africa

Eskom terminates services of evidence leader in the Koko disciplinary hearing

JOHANNESBURG, October 21 – Eskom has terminated the services of its evidence leader Sebetja Matsaung in the disciplinary hearing of suspended Eskom acting CEO Matshela Koko, the power utility said on Saturday. This followed an altercation between Matsaung and the Financial Mail’s deputy editor Sikonathi Mantshantsha after the hearing was adjourned on Friday, Eskom said […]

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 […]