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Archive of News

Eskom extends contract of acting CEO

Molefe was seconded to Eskom in April 2015, following four successful years as Group Chief Executive at Transnet.

Minister Brown announced then that this was with the intention to help stabilise Eskom’s leadership. The secondment was also considered in light of Molefe’s extensive understanding of the public sector and the environment in which state-owned companies (SOCs) operate.

Meanwhile, Eskom chairman Dr Ben Ngubane has confirmed that the board has received a presentation following an investigation that was commissioned by the board in March this year.

At the announcement of the inquiry in March, four executives including the then Chief Executive Officer Tshediso Matona were asked to step aside for the duration of the independent inquiry.

In May, the utility announced that the board and Matona had mutually agreed to part ways.

“Accordingly, Eskom advises that following this independent inquiry no wrongdoing has been found against any of the suspended executives. Three of the executives who were suspended on 11 March 2015 have since parted ways with Eskom amicably. There is no longer a reason to keep the remaining executive on suspension and he will return to work with immediate effect,” said Eskom on Wednesday.

Additionally, the report is being finalised and will be shared with the shareholder in due course.

“Its recommendations will be used to strengthen the current turnaround strategy being implemented by the organisation,” said Eskom.

Meanwhile, no load shedding was currently taking place on Thursday as the power system is currently stable. However, the power system is expected to be constrained throughout the day mainly as a result of increased electricity demand.

Source: SA Labour News