NEW CHAIRMAN
Mabuza cancels Davos trip to tackle Eskom crisis
Barely two days after his appointment, Eskom’s new chairman, Jabu Mabuza, has taken a firm hold of the reins and begun tackling the crisis that threatens to sink the utility. He met the entire Eskom executive team on Monday, shortly after his flight from Europe landed and is hoping to organise the first meeting of the new Eskom board before the end of the week. Just hours later on Monday night, the utility said: "Eskom has today received through Mr Anoj Singh’s attorneys a formal letter of resignation by Mr Singh from his position as chief financial officer, in line with the terms of his employment contract." The Eskom board, through its chairman, "has accepted the resignation", which "is with immediate effect". Mabuza cancelled his trip to the World Economic Forum at Davos, which he was due to attend along with cabinet ministers and other business leaders, so that he and the board could get down to business. Wiping out corruption at Eskom will be high on the board’s agenda and will...
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