Eskom's newly appointed acting CEO also implicated in Madonsela's report

Eskom's board recommendation to have Matshela Koko as the acting group chief executive of Eskom was approved by Minister of Public Enterprises Lynne Brown on Wednesday.

This follows the resignation by Eskom's CEO Brain Molefe in November after the release of a damning report by the former Public protector Thuli Madonsela.

Although he was never subpoenaed for questioning by the Public Protector, Koko was also implicated in the same report for signing a document approving a prepayment of R600,000 to Gupta-owned Tegeta Exploration and Resources.

Last week S&P Global Ratings announced that it lowered Eskom’s long-term corporate credit rating to 'BB' from 'BB+.

When S&P downgraded us, they did not mention the issues of governance, the issues with the Public Protector never arose with S&P.

Matshela Koko, Eskom's acting CEO

S&P downgraded us for two reasons, the support and certainties that we getting from government and the certainty of our tariff based on the on going court case. Those are the challenges we need to resolve.

Matshela Koko, Eskom's acting CEO

My task is to get Eskom in a position where it will rely less and less on government guarantees.

Matshela Koko, Eskom's acting CEO

Koko spoke to CapeTalk's Kieno Kammies about some of the findings by the Public Protector as well as the controversial dealings with Glencore and Optimum Coal Mine.

To hear more about the newly appointed Eskom's CEO, listen below:


This article first appeared on CapeTalk : Eskom's newly appointed acting CEO also implicated in Madonsela's report


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