Brian Molefe’s quitting is understandable, Eskom’s Ben Ngubane says
Eskom says it will announce the interim leadership arrangements as soon as they are agreed on with Public Enterprises Minister Lynne Brown
Power utility Eskom said the resignation of its group CEO Brian Molefe was regrettable. However, Eskom board chairman Ben Ngubane said it was understandable. Molefe announced on Friday that he was leaving Eskom on January 1 2017. This followed the release last week of former public protector Thuli Madonsela’s State of Capture report, which painted Molefe in unflattering light. Eskom said it would announce the interim leadership arrangements "soon", once this was agreed upon with Public Enterprises Minister Lynne Brown. The utility praised the work Molefe had done. "Since joining Eskom in April 2015, Mr Molefe and his executive management team have turned around the company’s operational and financial performance, with 15 months of no load shedding, the impact of which has been enjoyed by every South African citizen," Eskom said. "The improved performance of the power generating units, coupled with additional capacity from some of our new build projects, has resulted in a stable powe...
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.