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Top execs under fire at Eskom

With the ongoing Parliamentary Eskom inquiry underway, the utility’s newly appointed board is addressing coruption and poor governnance allegations against the parastal’s senior executives.

Last week, the board gave notice to former acting CEO and head of IT, Sean Maritz, to give reasons as to why he should not be suspended.

This comes after Maritz and the previous Eskom board reversed its decision that its contract with McKinsey was unlawful and the agreement was declared valid.

McKinsey and Trillian were paid R1,6 billion ($134 million) in consultancy fees, without a valid contract. At the time of being reported, McKinsey had stated the firm would repay the money.

Maritz also signed off on a R400-million ($33,5 million) payment to a Hong Kong bank, reportedly against legal advice.

The deadline for Maritz’s submission is tomorrow.

Governance takes top priority with new board

Drawing attention to the McKinsey fiasco, Eskom’s spokesperson, Khulu Phasiwe, in a tweet on Friday, stated that the new Eskom board is reviewing all issues related to governance at the power utility.

It is likely that more will be uncovered. Two Eskom executives reportedly told the Sunday Times that Sean Maritz had allegedly deleted evidence linking former CEO Matshela Koko to the State of Capture-implicated Gupta family.

Sean Maritz colleagues – who has left?

Not wasting any time, the new board chaired by Jabu Mabuza, made the decision to remove all officials implicated in corruption.

This saw Eskom chief financial officer Anoj Singh resign last week. He was followed by acting head of group capital Prish Govender and senior manager for outages Dhiraj Bhimma. Acting commercial manager Charles Kalima has also left the parastatal. Read more: Eskom head of legal and compliance defends her title

Not giving in without a fight is the head of generation, Matshela Koko.

Eskom acting chief executive Phakamani Hadebe had given Koko an ultimatum to resign or be fired by this week; however, Koko fought back through the Labour Court.

Koko who was given a reprieve by the Labour Court on Friday, which ruled that Eskom could not fire its employee as his application must first be heard in court – the date set being February 6.

Featured image: SABC News


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