JOHANNESBURG - Public Enterprises Minister Lynne Brown will present the names of the proposed members of the Eskom board to the cabinet on December 6, her spokesperson Colin Cruywagen said yesterday.
In his medium-term budget policy statement last month, Finance Minister Malusi Gigaba said that a new Eskom board would be appointed before the end of this month. Business Report understands that this week's cabinet meeting has been postponed until next week. Zethembe Khoza has been Eskom’s interim chairperson since the unexpected resignation of Ben Ngubane in June this year.
Eskom has been in the spotlight for alleged governance failures, financial mismanagement and corruption. In his mini-budget speech, Gigaba said that as the government was the guarantor over a big portion of Eskom’s debt, the power utility had become a significant risk to the entire economy. “Eskom is simply too important to the country to fail, and we will not allow it to,” Gigaba said at the time.
- BUSINESS REPORT