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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Molefe must pay back pension millions, court orders

A court ordered Brian Molefe on Thursday to pay back all the pension pay-outs made to him. A full bench of judges found against Molefe and set aside the pension agreement. The former Eskom chief executive was also ordered to pay costs. The ruling comes after trade union Solidarity approached the High Court to declare […]
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Eskom’s new chair is a man of ‘unimpeachable integrity’

Who is Jabu Mabuza? The new chair of the Eskom board, Jabu Mabuza has an illustrious history in the South African corporate sector. He has served as a director on a number of boards and has had experience as chair on many others including: Telkom South Africa; Anheuser-Busch InBev; South African Tourism, and the Casino […]
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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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Total collapse of state-owned enterprises under Minister Brown

The Democratic Alliance’s Natasha Mazzone has, once again, slammed Minister of Public Enterprises, Lynne Brown. Eskom remains in the spotlight. The Democratic Alliance’s Shadow Minister of Public Enterprises Natasha Mazzone has become quite a political “big name” over the last few months. Her grilling of Lynne Brown during the Eskom inquiry gathered particular attention. Now, […]
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Former acting CEO of Eskom’s back at his desk on Monday after ‘sham hearing’

Matshela Koko, former acting CEO of Eskom will be back at work on Monday January 8 in the role of head of generation‚ according to Eskom spokesman Khulu Phasiwe. The information that Koko had been reinstated was sent in an internal memo from acting CEO Sean Maritz to senior Eskom staff on Tuesday and was […]
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Helen Suzman Foundation, Wierzycka Sue Ministers, Zuma And Guptas Over Capture At Eskom

Magda Wierzycka, CEO at Sygnia asset management. (Pic: Supplied)  The Helen Suzman Foundation and Sygnia Asset Management CEO Magda Wierzycka have approached the courts to deal with the capture of Eskom. According to an affidavit filed at the North Gauteng High Court on Thursday, the foundation and Wierzycka want the courts to set upside the […]
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Meet Peter Hain: The British Lord Obsessed With Exposing Zupta Corruption

Lord Peter Hain has proved to be one of the most potent of the many weapons in South Africa’s anti-corruption army. A former Labour Party cabinet minister who graduated from the long-haired activist who led the isolation of apartheid SA sports teams, the 67-year-old peer has lost little of his vigor. I watched him inject enthusiasm into a debate […]
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Steinhoff implosion staggers SA

The collapse of Steinhoff International’s share price this week, following allegations of accounting fraud, is being described as the biggest corporate failure on the JSE so far, but it may just be the tip of the iceberg. On Thursday afternoon, Finance Minister Malusi Gigaba said he supported a decision by the Financial Services Board (FSB) […]
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Eskom Could Close Hendrina Power Station Over Coal Supply: Plunging SA into another period of load shedding

An amaBhungane exclusive has revealed that Gupta-owned Tegeta has repeatedly failed to deliver enough coal. Leaked documents have revealed that Eskom is warning it might have to close its Hendrina power station, possibly plunging the country into another period of load shedding. An amaBhungane exclusive has revealed that Gupta-owned Tegeta, which bought the Optimum Coal […]
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Tegeta Threatens ESKOM Coal Supply As Load Shedding Risk Looms

Leaked documents have revealed that Tegeta’s threat to cut coal supply came just as Eskom discovered a massive miscalculation that over-estimated the size of Hendrina’s strategic coal stockpile.   Gupta-owned Tegeta has threatened to shut down coal supply to Eskom just as the power utility discovered that thousands of tons of coal have gone missing. In an […]
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Brian Molefe Adamant He Should Be Reinstated As Eskom CEO

  Brian Molefe is adamant he should be reinstated to his position as Eskom’s CEO. He insists he and Eskom made an honest mistake when they agreed on his early retirement from the power utility five years too early. The DA, EFF, and Solidarity are going to court on Wednesday to have Molefe’s R30-million pension […]
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MPS Suggest ESKOM Write Off Municipalities’ “Historical” Debt

A dispute over whether municipalities should bear the responsibility of maintaining the country’s electricity distribution network has been debated in Parliament. A dispute over whether municipalities should bear the responsibility of maintaining the country’s electricity distribution network has been debated in Parliament. It’s a battle that’s raged between local councils and Eskom for years. Parliamentarians say the matter can’t […]
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Eskom witnesses refuse to testify against Koko

Eskom witnesses have reportedly declined to testify against former chief executive Matshela Koko at the internal disciplinary hearing against him, making way for him to be possibly reinstated. Eskom’s prosecution case against Koko came to a halt at the weekend after its evidence leader Cassim Moosa told chair of the disciplinary hearing advocate Mzungulu Mthombeni […]
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