THE YEAR THAT WAS: The struggle to right Eskom
The power utility stayed in the news for all the wrong reasons in 2017, and that looks unlikely to change in the new year
A tearful resignation (Sorry, did we say resignation? Of course we didn’t necessarily mean resignation!) by CE Brian Molefe late in 2016 made for a great deal of pitching and rolling on the Good Ship Eskom, the vessel at the heart of state capture allegations. A leadership vacuum, the McKinsey and Trilian saga, a protracted to-and-fro over whether Molefe’s resignation was indeed a resignation (and what that meant for his R30m golden handshake), and an in-house inquiry — widely derided as a whitewash — into whether Matshele Koko transgressed in the awarding of a contract to a company connected to his stepdaughter: there were few dull moments in a year that ended with regulator Nersa saying, “Sorry, no” to Eskom’s request for a 20% tariff hike, and the delay of its financial results release. Here we look back on Eskom's eventful year: The Dentons report Sipho Pityana's letter to Molefe The Koko inquiry McKinsey and Trillian Analysis by FM deputy editor Sikonathi Mantshantsha Analysis ...
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