Eskom CEO Brian Molefe is resigning from the power utility at the end of the year.
#Eskom Eskom CEO Brian Molefe is resigning from Eskom. SG— EWN Reporter (@ewnreporter) November 11, 2016
In a statement, Molefe says he will leave Eskom on 1 January 2017.
He says his resignation is in the interest of Eskom and the public, but denies that the decision is an admission of guilt.
#Eskom Molefe: This act is not an admission of wrong-doing on my part. SG— EWN Reporter (@ewnreporter) November 11, 2016
Listen to EWN's Stephen Grootes explaining Molefe's 'surprising' resignation...
The announcement comes a week after the release of the damning state capture report, which claimed that he visited the controversial Gupta family on several occasions.
The report alleges that cellphone evidence between Molefe and the Guptas places him at their residence in Saxonwold at least 14 times.
Read the full statement: