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 […]

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 […]