Eskom board trying to pull a Hlaudi on us - FM editor

Tuesday's front page of the Business Day newspaper ran with a story that the board of Eskom is planning to take disciplinary action against its former chief executive, Matshela Koko after it emerged that he was a part of decisions that gave a company a billion rands worth of contracts.

Financial Mail deputy editor Sikonathi Mantshantsha who wrote the story, says the board is busy formulating charges against Koko based on recommendations from law firm Cliffe Dekker Hofmeyr.

He says Koko was found to be in conflict of interest and failed to disclose that Eskom had awarded Impulse International, a company in which his stepdaughter Koketso Choma was a director, contracts worth several billion.

I'm reliably informed that Eskom's board is trying to pull a 'Hlaudi' on us by presenting a farce disciplinary hearing designed to acquit him.

Sikonathi Mantshantsha, deputy editor, Financial Mail

Acting Eskom board chair Zethembe Khoza, told Mantshantsha that there are no charges against, Anoj Singh, currently Eskom's CFO yet.

Listen to the full report in the clip below:


Recommended

by NEWSROOM AI
Read More
Corruption Watch to push for investigations into McKinsey & Co

Corruption Watch to push for investigations into McKinsey & Co

McKinsey & Co has suspended its SA director claiming that he misrepresented the company in a deal with Trillian and Eskom.

McKinsey bites the Gupta dust

McKinsey bites the Gupta dust

Global consulting company, McKinsey & Company is in hot water as its alleged ties with Gupta linked companies come to light.

Eskom signs R19.6 billion loan with Chinese bank

Eskom signs R19.6 billion loan with Chinese bank

The loan agreement with China Development Bank is in a bid to finance the completion of the Medupi power station being built.

Eskom offered R800 million contingency fee from China’s Dongfang company - BD

Eskom offered R800 million contingency fee from China’s Dongfang company - BD

On Friday the High Court in Johannesburg interdicted the contract.

"After Glencore sold Optimum to the Guptas, Eskom reduced the R2.1 billion fine"

"After Glencore sold Optimum to the Guptas, Eskom reduced the R2.1 billion fine"

Deputy Editor of the Financial Mail, Sikonathi Mantshantsha says the Gupta-owned mine only had to pay 10% of the initial fine.

702 drive time host has made her mark on SA radio #FarewellRedi

702 drive time host has made her mark on SA radio #FarewellRedi

Redi Tlhabi will be embarking on a new leg of her journey but we remember some moments that made a big impact.

Opposition MPs pushing for Parly to summon Hlengiwe Mkhize and Malusi Gigaba

Opposition MPs pushing for Parly to summon Hlengiwe Mkhize and Malusi Gigaba

Both ministers have failed to arrive for a meeting to discuss the decision to grant the Gupta family citizenship.

Meet the woman striking the gender balance in the energy sector

Meet the woman striking the gender balance in the energy sector

Noxolo Kahlana believes there are many opportunities for women in the energy sector and encourages women to jump on the bandwagon.

Dladla not compromised in any way - Lynne Brown

Dladla not compromised in any way - Lynne Brown

Brown also announced the addition of four new Eskom board members.

How one city may change the way all cities are built

How one city may change the way all cities are built

Masdar City is a future vision for urban development in a country awash with oil that does not use a drop of it.

Popular articles
[WATCH] Hilarious little girl tells mom that she needs a boyfriend

[WATCH] Hilarious little girl tells mom that she needs a boyfriend

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

Idols judge Unathi Nkayi gets intimate - opens up about money, beliefs about it

Idols judge Unathi Nkayi gets intimate - opens up about money, beliefs about it

The Money Show’s Bruce Whitfield interviews Nkayi about her attitude to money (hopes and fears, successes and failures, etc.).

VBS gave Zuma R8.5m before any security was provided for loan - News 24 journo

VBS gave Zuma R8.5m before any security was provided for loan - News 24 journo

News 24 investigative journalist Kyle Cowan reports that Zuma was granted the loan despite the fact that he could not afford it.

'The VhaVenda King is very pained by what happened to VBS and people's money'

'The VhaVenda King is very pained by what happened to VBS and people's money'

The VhaVenda King's spokesperson Mathivha Makonde says the King is calling on authorities to help him correct the wrong.

Journos provide fresh insights into the latest on state capture inquiry

Journos provide fresh insights into the latest on state capture inquiry

Journalists Karyn Maughan and Erin Bates provide insights into the state capture inquiry.

C-section births have nearly double since 2000 - study

C-section births have nearly double since 2000 - study

Professor Justus Hofmeyr says there are a number of reasons why the number of c-sections has doubled.