Johannesburg - Eskom board chairman Jabu Mabuza's perceived conflict of interest following his appointment to the power utility has been questioned by the Zondo Commission of Inquiry as it resumed on Friday.
Evidence leader Advocate Vincent Maleka, SC, had asked Mabuza if there had been any probe related to conflict of interest about his business dealings and investments following his appointment as Eskom chairperson.
Mabuza, who took the witness stand on Friday, confirmed to owning a stake in Sphere Holdings, an investment holding company whose subsidiary does maintenance work on a third of Eskom boilers.
He said he bought the Sphere stake from the pension he had received after retiring as chief executive and deputy chairman of Tsogo Sun Holdings, positions he held between 1995 and 2011.
However, Mabuza said that he had resigned as Sphere director with immediate effect after he was appointed as Eskom chairperson in January 2018, and proceeded to put his investment in Sphere into a blind trust with Standard Bank.