Eskom’s Matshela Koko submits letter of resignation

Controversial top Eskom executive Matshela Koko submitted his resignation on Friday, but did not admit to any guilt.

This emerged during his second disciplinary hearing, which was held in Sandton on Friday morning.
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Eskom chair hands in resignation

Eskom chairperson Zethemba Khoza has handed in his resignation, according to a report by Fin24. According to Fin24, Khosa has handed in his resignation to Public Enterprises Minister Lynne Brown “in the good interest of the country”. “I was putting out fires on a daily basis, so I think it’s good to give new people […]
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Eskom agrees to lower quality coal from Gupta-owned Tegeta but purchasing it at a more expensive rate

Eskom has agreed to allow Gupta-owned mining company Tegeta Resources and Exploration to deliver lower quality coal‚ at a more expensive rate‚ to its Hendrina power station in a show of the family’s continued influence at the power utility. Internal documents seen by TimesLIVE record that during negotiations between Eskom chief procurement officer Jay Pillay […]
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BLSA tells Eskom: ‘You remain suspended’

Business Leadership SA on Monday reiterated the suspension of Eskom from the organisation. BLSA said it is holding high-level discussions with Eskom’s acting CEO‚ Sean Maritz‚ regarding serious allegations of corruption and state capture that had led to the suspension of the power utility from the organisation. “The first of these meetings was held on […]
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Eskom tariff increase expected – Hmm for Molefe R11-million golden handshake?

After the Constitutional Court’s ruling that Nersa can give Eskom approval for the increase in electricity prices, economists are worried that the power utility may increase the rate by as much as 20%. Eskom has an estimated R61 billion shortfall to surpass, but any significant increases will cause an already stumbling economy to come to […]
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Gupta-linked finance chief of Eskom Anoj Singh- suspended

State-owned power utility Eskom has suspended its chief financial officer Anoj Singh on a precautionary basis‚ pending the outcome of a forensic investigation. The suspension‚ The Times has learned‚ follows an urgent intervention by Finance Minister Malusi Gigaba and his counterpart at Public Enterprises Lynne Brown. This comes after Eskom was faced with a threat […]
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Eskom, where does all the money go? – This is daylight robbery!

The average four-person South African household should pay R290 a month for electricity, yet Eskom is charging them roughly R1,200, says a lobby group. Now Eskom is seeking a 20% tariff increase from the National Energy Regulator of South Africa (Nersa). Energy analysts have described Nersa, which starts its public hearings into the proposed tariff […]
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