Beating about the Koko bush
EXCLUSIVE: Inside the damning report on Eskom's Koko
The way it handles the Matshela Koko imbroglio will determine the future of the new board and of the state utility itself
The ghost of former CEO Brian Molefe is haunting Eskom. This week the new board will be called on to decide the future of former acting CEO Matshela Koko, but its decision will determine the fate of the whole utility, and of the board itself. It will also have profound implications for SA. In May, Eskom asked Koko to take a leave of absence while it instructed law firm Cliffe Dekker Hofmeyr to investigate if there had been a conflict of interest, and any irregular conduct on Koko’s part, when it came to his handling of contracts with a company in which his stepdaughter had an interest. The investigation by Cliffe Dekker, together with a forensic investigation into Koko by auditing firm Nkonki Inc, was completed in June and a report was handed to Eskom’s legal department and board. Public enterprises minister Lynne Brown confirmed in June that she’d received the report from the Eskom board. “I am still reading the report, and it is quite voluminous,” she said when asked if a decision...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.