Share

Governance collapse at Eskom - NUM

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
loading...
Loading, please wait...
(Gianluigi Guercia, AFP)
(Gianluigi Guercia, AFP)

Johannesburg - The suspension of four top Eskom executives indicates a collapse of governance at the parastatal, the National Union of Mineworkers (NUM) said on Thursday.

"Clearly it means there is collapse of governance. We would have expected that the chairperson of Eskom's board should have been the one who is fired," general secretary Frans Baleni told journalists outside the NUM's national bargaining conference in Midrand.

"We did raise a concern about the reinstatement of this chairperson when the new board [had] been established.

"We reject this because we've never been consulted. We think that there is a bigger picture rather than to gun for these four executives."

READ: Eskom does not need an inquiry - expert

Earlier on Thursday, Eskom chairperson Zola Tsotsi said the four executives, including chief executive Tshediso Matona, had been asked to step aside as the power utility embarked on a fact-finding inquiry.

The other three are finance director Tsholofelo Molefe, group capital executive Dan Morokane, and commercial and technology executive Matshela Koko.

Non-executive board member Zethembe Khoza would become interim chief executive.

"There is no intent or suspicion of wrongdoing, there are no charges against them," Tsotsi said.

"There is no malice. There is no wrongdoing that is under consideration."

It was an inquiry, not an investigation, into the poor performance of generation plants, delays in bringing plants on-stream, the high costs of primary energy, and cash-flow problems.

The executives had been asked to step down for the duration of the inquiry, he told reporters in Johannesburg.

Read this for free
South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.
Try our free 14-day trial
Already a subscriber? Sign in
heading
description
username
Show Comments ()
Rand - Dollar
18.94
-0.2%
Rand - Pound
23.91
-0.1%
Rand - Euro
20.43
+0.2%
Rand - Aus dollar
12.34
+0.1%
Rand - Yen
0.13
-0.2%
Platinum
910.50
+1.5%
Palladium
1,011.50
+1.0%
Gold
2,221.35
+1.2%
Silver
24.87
+0.9%
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