He has very little room to manoeuvre – and the ratings agencies will be watching very closely
The state asset manager is under fire and now the power utility has little option but to cut costs
In January 2018, a full bench of judges found that Molefe’s declaration that he had not resigned from the power utility was false.
These new proceedingscome after Koko refused to concede to an ultimatum given to him last week to either resign or face being fired.
The Public Investment Corporation has given the cash-strapped parastatal a loan to fund the utility’s operations in February.
Catch up on Zuma and why he won’t go, the struggle to get water in Cape Town, a comment on why Viceroy may have come up short on Capitec, and more.
The former civil servant who turned around the Land Bank has a much bigger job ahead
Part of Eskom’s precarious financial position was as a result of the low electricity tariff increase granted by National Energy Regulator
With under five days left to pay back the money, we recap the various stages of former Eskom chief executive Brian Molefe.
Eskom’s former interim CEO faced scrutiny for his role in signing off on a questionable R400-million payment from Eskom to a Hong Kong bank account
Although auditors have cautioned the new board on its financial health, the newly appointed board is positive that it can turn things around
Eskom’s new board chairperson Jabu Mabuza, acting CEO Phakamani Hadebe, and acting CFO Calib Cassim releasing the embattled utility’s results.
For South Africa decommissioning its nuclear plant Koeberg is a reality that cannot be ignored much longer
‘The president is safe. I will protect the president, I will not contradict him’
‘Meanwhile, we are left with two sides of a story’
The utility faces an immediate cash-flow problem and tougher deep-seated challenges
In terms of subsection three, the evidence of a witness given before a committee may not be used against the witness as evidence of a wrongdoing
The hangover from Brian Molefe’s controversial resignation and attempted reinstatement at Eskom may not be over.
Given the damage that’s been done, the previous board at Eskom simply could not continue. It had no plan to turn the company around or stop corruption
Matshela Koko is the power utility’s head of generation who is expected to implicate former Eskom chair Zola Tsotsi in illicit payments.
Anoj Singh is now appearing before the Eskom inquiry to answer to allegations that he was involved in Gupta-linked tender irregularities.
“The board has been given a fresh mandate that they need to move with speed on the issues that Eskom is facing.”
Singh, who was suspended as CFO of Eskom in 2017, has resigned from the power utility with immediate effect
There is a possibility that the World Bank could issue a default letter for its $3.75-billion (R45-billion) loan to the power utility.
The new chair of the Eskom board, Jabu Mabuza has an illustrious history in the South African corporate sector
On Thursday, finance minister Malusi Gigaba warned that if not dealt with, Eskom could collapse the country’s entire economy
Eskom has been in a leadership crisis after several board members, including the chairman and chief executive, resigned in 2017.
Eskom has been at the heart of state capture allegations.
Public service unions negotiating wage increases blame budget constraints on reckless governance
In an interview with eNCA, Molelle said his team had already prioritised six matters which were before the courts, awaiting preservation orders.
The organisation was reacting to action against Gupta-associated businesses by the Asset Forfeiture Unit.
Lynne Brown’s continued failure to address the crisis facing the utility is driving the entire country to the brink