Eskom thinks everything is hunky-dory with its governance and has given itself a triple-A rating in its annual report. The trouble is, says one analyst, ‘there’s a complete mismatch between reality and the report’ Update: Eskom's Brian Molefe falls on his sword. In a break with tradition, Eskom chief executive Brian Molefe on Friday tendered his resignation from the utility, scoring a rare victory for good corporate governance.----------------When it comes to the King code, Eskom’s version of reality takes a peculiar twist. "In the spirit of good corporate governance, we endeavour to apply the principles and practices of the King Code"Eskom evidently doesn’t think it has any problems with corporate governance. It generously awarded itself a AAA score for governance in its 2016 integrated report.And while Thuli Madonsela was given a measly R1.5m for her state capture report, Eskom probably spends far more on consultants each year, overseeing compliance with all sorts of regulati...
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