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“The board has taken a decision to pursue disciplinary action against Mr Koko,” said Eskom board chairperson Zethembe Khoza at Eskom’s financial results presentation in Johannesburg on Wednesday.
He added that the minister of public enterprises is aware of the decision.
Eskom’s external auditors, SizweNtsalubaGobodo, reported the state utility to the Independent Regulatory Board of Auditors earlier this month, postponing its original financial results announcement.
Eskom spokesperson Khulu Phasiwe confirmed that one issue related to Koko and the other to former CEO Brian Molefe.
Koko, who is head of generation at Eskom, was relieved of his acting chief executive duties when Brian Molefe returned briefly in May. He was then placed on leave pending an investigation by Cliffe Dekker Hofmeyr after concerns were raised about an apparent conflict of interest.
The investigation followed a report in the Sunday Times on 26 March 2017, which revealed that Koko’s stepdaughter, Koketso Choma, was a director at Impulse International when it netted at least R1bn in contracts from Eskom in just 11 months.
Choma, who was appointed as a director at Impulse three years after graduating, lives in the same house as Koko.
That report has not been made public yet, but Fin24 understands Eskom has met with investigators in preparation for steps against Koko.
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