Eskom plans to take action against Koko
Utility’s disciplinary measures for former acting CE will be the first step in attempting to clean up its image
The board of Eskom will on Tuesday announce disciplinary measures against its former acting CE in a bid by the power utility to clean up its corruption-tainted image. The disciplinary measures stem from an investigation into allegations of conflict of interest involving hundreds of millions or rand on the part of Matshela Koko. The investigation found substantial evidence of wrongdoing and irregularities in contracts involving a company in which Koko’s stepdaughter has an interest. The utility will also begin a process to investigate chief financial officer Anoj Singh. Eskom met law firm Cliffe Dekker Hofmeyr last week to finalise preparations for the disciplinary action. Charges will be formally put to Koko this week, said acting chairman Zethembe Khoza on Monday.In May Eskom instructed Cliffe Dekker to conduct the investigation into irregular contracts, from which Impulse International scored contracts worth hundreds of millions from a division headed by Koko since 2014. Cliffe De...
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