George Sebulela on Friday became the latest member of the Eskom board to resign over a conflict of interest. File Photo: IOL

JOHANNESBURG – George Sebulela on Friday became the latest member of the Eskom board to resign over a conflict of interest. 

Sebulela was an independent, non-executive director. 

He is the president and chief executive of global financial services group Sebvest Holdings, and previously the secretary-general of the Black Business Council. 

Eskom chairperson Jabu Mabuza said Sebulela resigned after considering legal advice on his continued role as an Eskom director after the board was made aware of certain conflicts of interest, but did not give details on the capacity in which Sebulela was conflicted. 

“In this regard, Mr Sebulela made the correct decision to resign from the board and to help ensure that acceptable standards of good corporate governance were maintained,” Mabuza said. “The board is aware that allegations are being peddled in the media that other directors had also resigned from the Eskom board today. Such information is patently false.” 

Last Monday, group executive for generation, Thava Govender, tendered his resignation after having assumed the position in March. 

Johnny Dladla also resigned last week as chief executive of Eskom Rotek Industries, an Eskom subsidiary which provides construction, maintenance and transportation services. 

African News Agency (ANA)