Eskom suspends executives ahead of independent inquiry

March 12th, 2015, Published in Articles: EE Publishers, Articles: Energize

 

ZolaTsotsi - Eskom chairman - 12 March 2015

Zola Tsotsi

Eskom’s chief executive, Tshediso Matona, together with three other executives, has been suspended while an independent inquiry is held into the operations of the utility. This was announced by Zola Tsotsi, the utility’s chairman at a hastily assembled press briefing on 12 March 2015. Matona is a recent appointee, having taken up his position on 1 September 2014.

The other executives who have been suspended are Tsholofelo Molefe, the finance director, Dan Marokane, responsible for group capital, and Matshela Koko who is responsible for commercial and technology affairs.

Tsotsi said that the utility’s decision to suspend these four senior executives was taken to ensure that the inquiry into the utility’s affairs will be done in a transparent and uninhibited manner.

The independent inquiry, which will be undertaken by external third parties, will examine the reasons for the utility’s poor generation performance, the causes of the late delivery of new-build projects, and the high cost of primary energy.

Tsotsi said that there was “nothing sinister” about the temporary suspensions and that the four executives who have been suspended are not being investigated for any wrongdoing. He said that the purpose of the inquiry is to give the board of management a starting point from which it can move forward to improve things at Eskom.

While the inquiry is underway, and in the absence of the four executives who currently hold these positions, Zethembe Khoza, an Eskom non-executive board member, will assume the position of interim chief executive, Nonkululeko Veleti will be responsible for finance, Abram Masango for group capital, and Edwin Mabelane for commercial and technology affairs .

Tsotsi said that there is no hidden agenda behind this decision, and that those who will conduct independent inquiry will be selected within the next few days.

 

 

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