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Tsotsi silent after Eskom exit

The exact reasons behind Eskom Chairman Zola Tsotsi decision to step down remain unknown.

FILE: Eskom says Zola Tsotsi’s departure was a selfless move because he placed the interests of the company and the nation first.Picture: Reinart Toerien/EWN.

JOHANNESBURG - Ousted Eskom Chairman Zola Tsotsi has remained silent on his departure from the parastatal while the apparent lack of leadership at the ailing utility has raised concerns.

Yesterday, the rand weakened against the dollar after Eskom confirmed Tsotsi's removal from his post.

The company's executive now consists of an acting chairman, and acting CEO and three other temporary replacements.

The exact reasons behind Tsotsi's decision to step down remains unknown.

With Eskom saying this was a selfless move because he placed the interests of the company and the nation first.

However on the day the board met, Tsotsi seemed confident that he would remain in his position.

Meanwhile, energy expert Chris Yelland says there are far too many acting executives.

"I don't think we're going to see the kind of decisive, confident leadership in decision making necessary to address the deep rooted problems within Eskom."

BEN NGUBANE'S REPUTATION QUESTIONED

Questions were being raised on Tuesday about Eskom's acting chairman Ben Ngubane's reputation and his appointment to the power giant.

In the past month, Eskom CEO Tshediso Matona, and three executives were suspended and now Tsotsi has resigned leaving a leadership vacuum at the utility.

Ngubane has been appointed as acting chairman.

He's the same man who sat on the board of the Land Bank and the South African Broadcasting Corporation, where he was criticised for supporting Hlaudi Motsoeneng.

It's alleged that he was tipped for the position of Eskom chairman late last year, with allegations that the president supported him while the African National Congress apparently didn't.

Political analyst Somadoda Fikeni said Ngubane now had an even more difficult task ahead of him.

"Ben Ngubane will have to do something extraordinary, given the fact that Eskom is far more important to the economic growth than SABC was."

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