In South Africa, the Board of state-owned power utility Eskom has extended the employment contract of its acting Chief Executive, Brian Molefe, for a further three months. This decision follows discussions with the Board of Transnet and the Minister of Public Enterprises, Lynne Brown.
Eskom said in a statement that the extension is to provide Molefe with sufficient time to action his already implemented strategies and see that they reach fruition.
His plans are to ensure that Eskom reaches financial and operational stability and sustainability.
Eskom said in a company statement: “Molefe was seconded to Eskom in April 2015, following four successful years as Group Chief Executive at Transnet.
“Minister Brown announced then that this was with the intention to help stabilise Eskom’s leadership. The secondment was also considered in light of Molefe’s extensive understanding of the public sector and the environment in which state-owned companies operate.”