Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

Eskom leadership battle erupts

Nov 05 2009 21:44 Sikonathi Mantshantsha

Related Articles

Maroga exits Eskom

Hogan: Zuma didn't interfere

Eskom to clear up Maroga rumours

Hogan defends Maroga

Zuma 'saved Eskom boss'

CEO crisis harms Eskom

 

Top Stories

Rand tumbles on jittery euro

Feb 10 2012 18:19

The rand tumbled against the dollar in late afternoon trade as the local currency tracked a jittery euro.

Zuma to make 'important' announcement

Feb 10 2012 17:28

President Jacob Zuma will make an announcement "of national importance" on Saturday, says a central bank statement.

Rand tumbles 2% against dollar

Feb 10 2012 14:37

A weak euro has dragged down the rand, causing it to extend losses against the dollar as the eurozone debt crisis affected investor sentiment.

 
Share Share line Print

Johannesburg - Eskom executives Brian Dames and Erica Johnson are poised to jointly lead the embattled electricity utility on an acting basis, but it must first eject Jacob Maroga who is yet to sign severance papers, a company insider said.

Fin24.com has learned Maroga is not officially out of the way despite a public announcement by chairperson Bobby Godsell that Maroga had decided to leave - an undertaking Godsell allegedly earned by staking his own position.

According to the insider, Godsell threatened to quit his post if Maroga did not leave the company, a development that also served to lever out political interference in the Eskom succession battle.

In another announcement that indicated Maroga's exit is not clear-cut, news agency I-Net Bridge quoted Democratic Alliance spokesperson on energy Cobus Schmidt as saying Godsell and other directors were summoned to a "high-level meeting" after the Eskom chair told staff about Maroga's departure.

In a separate report, I-Net Bridge also quoted the ANC Youth League (ANCYL) as saying that Jacob Maroga had not resigned.

"The board, which is under the manipulative control of Bobby Godsell, has tried every trick in the book to get rid of Maroga, including through increment of his salary amidst electricity challenges, so that the South African public can perceive him as greedy.

"They are now spreading a rumour that Maroga has resigned as chief executive officer of Eskom and that is a complete lie," the ANCYL was quoted.

On Wednesday, Public Enterprises Minister Barbara Hogan said Maroga could not be blamed solely for the utility's problems, including a tardy response to coal procurement deficiencies. Her views echoed speculation that President Jacob Zuma had also thrown his weight behind Maroga.

Dames is Eskom's generation chief officer, while Johnson is the chief officer of its customer network business.

This will be the second parastatal surviving on interim management plans after Siyabonga Gama - widely tipped to succeed Maria Ramos as Transnet CEO - was suspended from the company pending an investigation into alleged fraud.

Eskom chairperson Bobby Godsell apparently made the announcement to the company's top 60 managers shortly before he announced Jacob Maroga's resignation to staff earlier on Thursday afternoon.

When contacted by Fin24.com, Dames said it was "news" to him that he had been appointed acting CEO together with Johnson.

"But that should make sense as we are the most senior people here," said Dames. He referred further questions to Godsell and the media desk.

- Fin24.com

 
 
Comment on this story
0 comments
Comments have been closed for this article.
Facebook still a closed book in China
Feb 08 2012 16:59

Mark Zuckerberg wants to ''friend'' China's massive market but how far is he prepared to go, and against what competition?

Schalk Louw

Before this weeks call, just a quick update on my open calls. My Reinet BUY (at 1351cps) is already up 1.33% (while the Top40 is down with 1% over the same period), while my MTN BUY (at 13989cps) struggling somewhat. I'm still happy with both these companies over both the longer- and shorter term. ... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...