POWER UTILITY
Matshela Koko takes reins at Eskom as acting CE
Eskom head of generation Matshela Koko was on Wednesday named acting CE of the power utility by Public Enterprises Minister Lynne Brown. The move is not likely to restore market confidence in Eskom, which last week had its credit rating cut by S&P Global Ratings to BB, two notches below investment grade. Koko has a controversial history with the company and has been outspoken in favour of nuclear power and against renewable energy. Koko, who has been with Eskom since 1996, was recommended for the position by the Eskom board after the surprise resignation of Brian Molefe in November. Molefe was tainted by reports that he had favoured the politically connected Gupta family and assisted it to buy the Optimum coal mine.
ADVERTISING ADVERTISING..
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.