SUSPENSION
Eskom begins damage control after Business Leadership SA suspension
The power utility has requested a meeting with BLSA — while Transnet, also suspended over corruption allegations, claims it left voluntarily
Eskom interim CEO Johnny Dladla has asked Business Leadership SA (BLSA) for a meeting to tackle issues of concern and agree on a way forward after the organisation suspended the power utility and Transnet. BLSA cited a stand against corruption for the suspensions. Eskom and Transnet join KPMG, which has also been suspended from BLSA. Suspension entails considerable reputational damage as suspended companies are excluded from the business forum, which represents 80 leading companies in the country. Transnet said it did not renew its membership because of cost-cutting measures and the meeting that BLSA CEO Bonang Mohale claimed took place to discuss allegations of corruption at the logistics parastatal had never happened. BLSA said the suspension of Eskom and Transnet followed engagement with the two companies "in connection with extensive allegations of corrupt behaviour over a long period". Mohale said Eskom represented a systemic risk to the economy because of its multiple governan...
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.