Zuma has said Nene will be redeployed
According to Business Day, former finance minister Nhlanhla Nene has been appointed the new Eskom board chairperson.
Eskom has been at the heart of state capture allegations and Nene’s appointment is seen as a positive change.
In December 2015, Nene was controversially axed from the Treasury by President Jacob Zuma and replaced by Minister Des van Rooyen. Van Rooyen held the post for less than a week and was eventually replaced by Pravin Gordhan.
This is a developing story and will be updated.
UPDATE:
Contrary to the Business Day report, the M&G has since learnt Nhlanhla Nene is one of the preferred candidates for the position of board chairperson. An announcement is expected this afternoon.