Brian Molefe is no longer Eskom’s group CEO, the power utility’s board announced on Friday. Earlier this week, Public Enterprise Minister Lynne Brown instructed the board to rescind Molefe’s appointment. She has also indicated she is looking to replace the entire board. This follows a decision taken by an inter-ministerial committee set up by President Jacob Zuma to probe Molefe’s re-appointment. Molefe was reinstated as Eskom CEO in May, after failing to obtain a R30m golden handshake for the 18 months he worked at the utility until the end of December last year. His tearful resignation came after being implicated in alleged irregular dealings with members of the Gupta family when negotiating to buy a company that supplied Eskom with coal. The Eskom board said it had given effect to Brown’s directive on Friday morning. Eskom also said Molefe would no longer serve as a director on its board. “In giving effect to, and on the basis of, the minister’s directive contained in the letter ...

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, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now