No fresh blood for Eskom as 20-year veteran appointed acting CEO

It’s more of the same from Eskom with Public Enterprises Minister Lynne Brown appointing a 20-year Eskom veteran with a tainted history, Matshela Koko, as Acting CEO instead of bringing in fresh blood with much-needed new perspectives. Koko, who takes over from the Gupta-tainted Brian Molefe, is perhaps best remembered for suspending experienced staff members who questioned the quality of coal being supplied to Eskom’s Majuba power station by a Gupta-owned mine operating in the area. Molefe’s Eskom tenure was way shorter than Koko’s, ending abruptly last month when he resigned in the face of a Public Protector finding that he favoured the Gupta family, which is in business with President Jacob Zuma’s son, by handing out coal-supply contracts and helping them buy Optimum Coal Holdings. There seems to be a determined ‘steady as she goes,’ ethic in the embattled ANC at present, ranging all the way from maintaining course with Zuma’s recent put-down of cabinet rebels to the latest Eskom appointment. Koko was one of three executives suspended in March last year to make way for the ‘deep dive’ enquiry into Eskom’s financial and operational shortcomings. Two of his colleagues walked away with golden handshakes and clean records, while Koko was reinstated. Meanwhile Molefe has gone on the (ANC-supporting) media offensive, citing his version of why he was ‘targeted”. Speaking about black economic empowerment on New Age breakfast TV, he said “black people have begun to believe the often-repeated lies that blacks can only advance economically if they steal or if they are corrupt”. He called on South Africans to stop being distracted by those wanting “to see black people fail” and instead focus on defeating the “demon of racism and exploitation” to “sort out this white dominated economy”. Almost perfect echoes of Hlaudi Motsoeneng at the SABC… – Chris Bateman

From Fin24

Cape Town – Matshela Koko will take over as acting Eskom CEO after Brian Molefe quit the power utility following the damning state capture report.

Brian Molefe, chief executive officer of Eskom Holdings SOC Ltd., speaks at the headquarters of Eskom Holdings SOC Ltd. at Megawatt Park in Johannesburg, South Africa. Photographer: Waldo Swiegers/Bloomberg
Outgoing Eskom CEO Brian Molefe

Public Enterprises Minister Lynne Brown announced on Wednesday that she approved Koko’s recommendation, which was made by Eskom’s board.

“I approved the Board’s request to appoint Mr Koko as acting Group Chief Executive Officer,” she said in a statement.

Koko, who joined Eskom in 1996, has been the group executive of generation.

“Mr Koko has a wealth of experience and understands the challenges Eskom faces. His appointment will also ensure continuity at Eskom,” Brown said.

She added that she urgently also asked the board to immediately start the process to appoint a permanent CEO. – Fin24

Source: http://www.fin24.com/Economy/Eskom/koko-steps-in-as-acting-eskom-ceo-20161130