Public Enterprises Minister Lynne Brown has a rare opportunity to salvage what is left of her integrity by appointing a strong and suitable board to fix what’s broken at Eskom. The board she will announce on Friday will have the uphill task of stabilising the management team by appointing a new CEO to replace Brian Molefe. It should also decide the fate of generation executive and recently acting CEO Matshela Koko, who took a leave of absence while Eskom probed allegations of impropriety. Brown has been public enterprises minister since 2014; under her leadership, Eskom has been crippled by alleged corruption and other corporate governance malpractices. She inherited a rotten governance structure from Malusi Gigaba, now finance minister. If anything, the governance and corruption problems have deepened under Brown’s leadership. Flip-Flopping Minister Brown has also been complicit in many of the scandals plaguing Eskom, more recently her flip-flopping and spineless handling of the Mo...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.