Share

Koko faces disciplinary action over R1bn contracts

Cape Town - Former acting Eskom CEO Matshela Koko will face disciplinary action, relating to tenders awarded to Impulse International while his stepdaughter was a director at the firm.

“The board has taken a decision to pursue disciplinary action against Mr Koko," said Eskom board chairperson Zethembe Khoza at Eskom's financial results presentation in Johannesburg on Wednesday.

He added that the minister of public enterprises is aware of the decision.

FOLLOW Fin24's live blog

Eskom's external auditors, SizweNtsalubaGobodo, reported the state utility to the Independent Regulatory Board of Auditors earlier this month, postponing its original financial results announcement.

Eskom spokesperson Khulu Phasiwe confirmed that one issue related to Koko and the other to former CEO Brian Molefe.

Koko, who is head of generation at Eskom, was relieved of his acting chief executive duties when Brian Molefe returned briefly in May. He was then placed on leave pending an investigation by Cliffe Dekker Hofmeyr after concerns were raised about an apparent conflict of interest.

The investigation followed a report in the Sunday Times on 26 March 2017, which revealed that Koko’s stepdaughter, Koketso Choma, was a director at Impulse International when it netted at least R1bn in contracts from Eskom in just 11 months.

Choma, who was appointed as a director at Impulse three years after graduating, lives in the same house as Koko.

That report has not been made public yet, but Fin24 understands Eskom has met with investigators in preparation for steps against Koko.

SUBSCRIBE FOR FREE UPDATE: Get Fin24's top morning business news and opinions in your inbox.

Read Fin24's top stories trending on Twitter:


We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.94
-0.2%
Rand - Pound
23.89
+0.0%
Rand - Euro
20.44
+0.1%
Rand - Aus dollar
12.34
+0.1%
Rand - Yen
0.13
-0.1%
Platinum
908.75
+1.3%
Palladium
1,014.28
+1.3%
Gold
2,219.42
+1.1%
Silver
24.83
+0.8%
Brent Crude
86.09
-0.2%
Top 40
68,346
+1.0%
All Share
74,536
+0.8%
Resource 10
57,251
+2.8%
Industrial 25
103,936
+0.6%
Financial 15
16,502
-0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders