Eskom parts ways with yet another senior executive

Eskom says Finance Director Tsholofelo Molefe’s departure is not linked to any negligence or misconduct.

Eskom's former Finance Director Tsholofelo Molefe. Picture: Youtube.

JOHANNESBURG - Eskom has announced that it has parted ways with its Finance Director, Tsholofelo Molefe.

The ailing power utility said they agreed to part ways on an amicable basis; and reiterated that Molefe is and was never suspected of any negligence, misconduct or wrongdoing.

In a statement released this afternoon Eskom said both parties believe that the agreement to separate is in the best interest of the company; to allow the Board to pursue its plans for the company under the current leadership.

"With the separation, the enquiry initiated by the Board into the state of affairs at Eskom will continue as planned, and Ms Molefe's suspension falls away. The separation is also by no means in anticipation of the outcomes of the enquiry, the latter whose objective is to enable the organisation to deal with its challenges," it said.

Molefe was one of four top officials who were asked to go on special leave after the board said it wanted to conduct a deep dive probe into the situation at Eskom.

Eskom's Khulu Phasiwe says this resignation means that nearly all of the four top officials who were suspended have now left the utility.

"Three of them have parted ways with the company and there is only one remaining."

However, questions still remain about why these officials were suspended in the first place, when three of the four have now been allowed to leave Eskom without any findings being made against them or in their favour.

Molefe joined Eskom in July 2005 and held executive leadership roles in Transmission, Finance, Customer Services and lately, as Finance Director. Eskom has thanked Molefe for her contribution during her term at and wished her well in her future endeavours.


Less than three months after being suspended, Eskom's head of group capital Dan Marokane also reached what the power utility called an amicable agreement to leave his post.

Marokane was also part of a group suspended as an inquiry was instituted.

He joined Eskom in 2010 and took charge of the completion of unit six at Medupi.

Unit six remains in a testing phase, but Eskom's Khulu Phasiwe said that is not the reason for Marokane's departure.

"It was an amicable decision from both parties so it's neither here not there who initiated the parting of ways. But the information I have is that he is the one who approached the board and they accepted his decision to leave."

Earlier this year, Eskom announced that four of its executives, including its CEO Tshediso Matona, had been asked to step aside while an inquiry into the utility took place.

Just a few weeks later board chairperson Zola Tsotsi resigned.

In recent months, the parastatal has limped from one crisis to the next, sparking concerns about its leadership's ability to generate the power needed to keep the country running.