Nene: Brown is not replacing full Eskom board | Fin24
 
Loading...

Nene: Brown is not replacing full Eskom board

Apr 02 2015 14:26

Cape Town – Public Enterprises Minister Lynne Brown is not replacing the entire Eskom board, the Treasury said in a response to a newspaper report on Thursday.

The Business Report quoted Finance Minister Nhlanhla Nene as saying that Brown had indicated to him that “she is working on appointing a full board for Eskom, not just a replacement of the individuals but a full board of Eskom”.

The Business Report said replacing the full Eskom board could potentially add to the power utility’s instability, creating a leadership vacuum.

However, Nene’s office said in a statement that the report was based on an inaccurate interpretation of his comments.

“During the first round of board appointments, when the proposals of names for the Eskom board was taken to cabinet in December 2014, …  Brown only appointed 11 board members,” said Treasury spokesperson Phumza Macanda.

“The maximum number of members of the board is 13, in terms of Eskom’s memorandum of incorporation.

“Minister Brown has initiated the process of filling the two vacant positions and will also need to fill the vacancy left by the resignation of the chairperson."

Macanda said Nene’s comments relate to this process. “There is no process to replace the board of Eskom as reported by Business Report,” said Macanda.

eskom  |  lynne brown  |  nhlanhla nene
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

#BUDGET2020

Debt and Eskom will take centre stage at this year's Budget
 

Voting Booth

How concerned are you about ransomware attacks?

Previous results · Suggest a vote

Loading...