Eskom in secret talks on golden handshake for Koko
Parties are said to be close to agreement in secret talks to eject Eskom's generation chief Koko
Embattled electricity producer Eskom, which has described its financial situation as "very dire", is in secret discussions to terminate the employment of controversial executive Matshela Koko. The parties are close to a separation agreement as the talks are now centred on the amount the head of generation would take to agree to leave. Talks are at a sensitive stage, according to three informed sources. Last week, Koko was replaced by Willy Majola as interim head of generation, a move Eskom said was "a mutual agreement" for Koko "to settle in". Two senior government officials outside Eskom, however, confirmed there were plans to remove Koko within days. The practice of paying officials suspected of corruption to go rather than face charges has been a common feature under President Jacob Zuma’s administration. How the ANC’s new leadership responds to a generous deal with Koko will be a key indicator of whether it intends to get tough on corruption. If you are already a subscriber, ple...
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.