South Africa – State- owned power utility Eskom chairperson Zola Tsotsi announced on Thursday that the Eskom board has asked its CEO Tshediso Matona to step down while it “resolves an independent commission of enquiry on the current status of the business and its challenges”.

Other top executives within the power utility asked to step down while the enquiry is underway are Tsholofelo Molefe (Finance Director), Dan Marokane (Group Capital) and Matshela Koko (Commercial and Technology).

One of the current non-executive board members Zethembe Khoza, has been asked to assume the position of interim CEO. Khoza will be supported in this interim role by Nonkululeko Veleti for Finance, Abram Masango  for Group Capital and Edwin Mabelane  for Commercial and Technology.

In a statement on the suspension, Tsotsi said the board has emphasised that this process is a critical step towards ensuring that the situation facing Eskom improves as expeditiously as possible.

“To that end, we would like to assure our customers and employees that this was done in the best interest of all our stakeholders, and we hope to come out of this with a better grasp of all the challenges facing the business, and most importantly, with solutions”, Tsotsi said.

He also emphasised that the suspension of the four executives was not related to any wrongdoing but rather to ensure that the independent team set up to pursue the inquiry have unfettered access to information.

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