JOHANNESBURG – Government has appointed businessman Jabu Mabua as Eskom’s new chairperson with Phakamani Hadebe the acting group chief executive.
A new 13-member board has been announced. The members include:
- Jabu Mabuza
- Sifiso Dabengwa
- Sindi Mabaso-Koyana
- Mark Lamberti
- Tshepo Mongalo
- Malegapuru Makgoba
- Busisiwe Mavuso
- Nelisiwe Magubane
- Rod Crompton
- George Sebulela
- Pulane Molokwane
- Banothile Makhubela
- Jacky Molisane
Eskom’s interim chair Zethembe Khoza has been removed. Despite earlier reports, Former Finance Minister Nhlanhla Nene was not included in the list.
Government made the announcement in a bid to restore confidence in the company, improve its financial position and restore its operational performance.
This follows a meeting by President Jacob Zuma, Deputy President Cyril Ramaphosa, Public Enterprises Minister Lynne Brown and Minister of Finance Malusi Gigaba on Friday.
Earlier in the week Gigaba stated that if Eskom’s financial issues were not addressed, the company would tank the country’s economy.
The new board chairman has served as the president of Business Unity SA and has spoken out strongly about some of government’s decisions regarding the economy.
The board has been been instructed to appoint a permanent CEO and remove all Eskom executives who are facing allegations of serious corruption and other acts of impropriety, including Matshela Koko and Anoj Singh.
The reinstatement of Both Koko and Singh recently raised major concerns.
Government says it will continue to act decisively to address challenges at key state-owned enterprises to restore public and investor confidence.