Eskom to announce new board

CAPE TOWN – Public Enterprises Minister Lynne Brown’s spokesman Colin Cruywagen confirmed that the new Eskom board will be announced “by end of business” on Friday.

According to Cruywagen, the Eskom cabinet met on Wednesday and discussed the names of the Eskom board and they all came to a consensus.

“They (Eskom cabinet) met on Wednesday to discuss potential names who will make up the new board, an agreement was met but the official announcement is expected to be made by end of business today,” said Cruywagen.

The embattled power utility, which is also at the centre of a state capture probe, is under the baptism of fire following allegations of working with the controversial Gupta family at the expense of all South Africans.

Eskom is accused of favouring the Gupta family every time when dishing out multi-million rand contracts at the expense of local South African businesses that also have the expertise and skills required.

Reading his medium-term budget policy in October, Malusi Gigaba warned that the heavily indebted Eskom defaulting on its loans was the single biggest risk to the South African economy.

The new board, which was expected to be in place by November 30, is expected to bring change and sustainable measures to restore the dignity that the power utility deserves.

 

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