New Eskom board appointed to strengthen governance – Presidency | Infrastructure news

Eskom-power-lines-picDeputy President Cyril Ramaphosa has appointed a new board at Eskom and named Jabu Mabuza as its chairman in an effort to strengthen governance and management at the parastatal, the presidency said on Saturday.

According to the presidency the utility’s recent challenges, which include a weak financial position, declining revenues and governance failures, are a threat to the sustainability of the company going forward.

“As a result, government has decided on the following immediate measures to strengthen governance and management. This is the first step towards restoring confidence in the company, improving its financial position and restoring its operational performance,” the presidency explained.

The members of the new boar are as follows:

  • Jabu Mabuza as Chairperson
  • Sifiso Dabengwa
  • Sindi Mabaso-Koyana
  • Mark Lamberti
  • Professor Tshepo Mongalo
  • Professor Malegapuru Makgoba
  • Busisiwe Mavuso
  • Nelisiwe Magubane
  • Dr Rod Crompton
  • George Sebulela
  • Dr Pulane Molokwane
  • Dr Banothile Makhubela
  • Jacky Molisane

Further recommendations

Government has also recommended the appointment of Phakamani Hadebe as the Acting Group Chief Executive with immediate effect.

“Further, the board is directed to appoint a permanent Group Chief Executive and Group Chief Financial Officer within the next three months. The board is directed to immediately remove all Eskom executives who are facing allegations of serious corruption and other acts of impropriety, including Matshela Koko and Anoj Singh.

“Government further calls on all Eskom employees and other stakeholders who may have evidence of wrongdoing to bring this to the attention of law enforcement agencies so that culprits can be brought to book,” said the Presidency.

It said Eskom is critical to the South African economy. “As a key enabler of economic growth and social transformation, any further deterioration of Eskom’s financial and operational conditions could have a severe impact on the country,” said the Presidency.

Commenting on the appointment of the new board Ramaphosa said:  “We are confident this intervention will restore the important contribution Eskom makes to our economy. We are determined to address the damage that has been done to this institution and place it on a new path of efficiency and integrity.”

The intervention will be ratified by Cabinet at its next meeting.

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