In a surprise announcement late on Friday Brian Molefe said he had quit as CEO of Eskom, following last week's revelations that he had a close relationship with the Gupta family. Molefe, who was named acting CEO in April 2015 and was later appointed on a permanent basis, said he was leaving voluntarily in the interests of corporate governance. Many commentators said that the rest of the Eskom board should now follow. The State of Capture report, drafted by former public protector Thuli Madonsela, said Molefe had regular contact with the Gupta family. It also detailed alleged irregularities in Eskom's conduct in the sale of Optimum Coal Mine to the Guptas' Tegeta Resources. Azar Jammine, chief economist at Econometrix, said: "It's a pity that the best out of all of them should fall on his sword. We know of others in state-owned enterprises who should have fallen on their swords and are still in their places, so clearly this is not enough." Jammine said Molefe might have been pressure...
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