Rob Rose Editor: Financial Mail

A few months ago, speaking about why Brian Molefe had quit as CEO of Eskom in November, his successor, acting CEO Matshela Koko, said Molefe was clear about his reasons for doing so. “He wanted to set a precedent of good governance. [He said] I have a cloud [over me], I’m going to give the process a chance and step aside,” he told TV channel CNBC. So much for that. On Friday, the beleaguered electricity utility announced that Molefe would be returning to Eskom as CEO, less than six months after he left “to give the process a chance”. This new development is alarming considering that not a single molecule of that “cloud” over Molefe has dissipated. In this context, Molefe’s return is devastating in its chutzpah, illustrating the attitude of President Jacob Zuma’s shadow state to chapter nine institutions, including the public protector. Justifying Molefe’s return, Eskom chairman Ben Ngubane told Business Report that Molefe had to return because the power utility couldn’t agree on a “...

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 helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now