JOHANNESBURG - Business Leadership South Africa (BLSA) confirmed on Monday that it was holding high level discussions with Eskom’s Acting Chief Executive Officer (CEO), at Eskom’s request, regarding the serious allegations of corruption and state capture, which led to Eskom’s suspension from BLSA.
The first of these meetings was held on Friday 20th September between the BLSA CEO Bonang Mohale and the current Acting CEO of Eskom Sean Maritz. These discussions were an indication that BLSA was open to working with Eskom (and other suspended members) to explore their commitment to addressing those governance and organisational failures that have resulted in activities that are legally or ethically questionable.
“Eskom’s suspension is in full force and effect, and will remain so until BLSA is satisfied that all the factors that led to the suspension are addressed fully,” said Mohale.
These include transparent and thorough investigations into abuses; full disclosure of and cooperation with any investigations and prosecutions that may follow; and action taken against all individuals implicated in corrupt acts.
BLSA was of the view that dramatic change is needed at Eskom. The entity was an important component of the South African economy and is systemically linked to SA’s fiscal stability. BLSA believes, in the light of repeated and serious governance failures, that Eskom needs a complete new Board and management team comprising individuals who are not conflicted, have impeccable credentials, and who have a solid track record with relevant industry expertise.
BLSA said they call on the Government and Minister of Public Enterprises to replace the entire Board and management of Eskom so that the turn-around of the utility’s operational integrity and the restoration of its balance sheet can begin urgently.
BLSA said it would continue to engage with Eskom, Government, and other suspended members with the view to continuing the fight against corruption and state capture.
-BUSINESS REPORT ONLINE