Concerns raised over Eskom move to postpone release of results

The power utility says it wants to meet with all interested parties and unions about a range of issues.

FILE: Eskom's Megawatt Park in Johannesburg. Picture: Reinart Toerien/EWN.

JOHANNESBURG - Concerns have been raised about serious irregularities flagged by Eskom’s external auditors and the real reasons behind the postponement of Tuesday’s annual results.

The power utility says it wants to meet with all interested parties and unions about a range of issues, including the possibility of closing down four power stations before releasing its results.

Eskom says some of its stakeholders, particularly unions have raised concerns about issues being made public before they are made aware of them.

Therefore, management decided to postpone yesterday's integrated results announcement.

However, the Business Day reported that former acting CEO Matshela Koko will face disciplinary measures after irregularities were flagged involving contracts with a company that Koko's stepdaughter is involved in.

External auditors also highlighted irregularities with regards to the re-appointment of Brian Molefe earlier this year.

Energy expert Chris Yelland says he doesn't see the link between wanting further engagements with stakeholders and postponing the briefing.

“It really rings hollow that the real reason is that Eskom’s own auditors have reported Eskom to an audit regulator in respect of serious irregularities.”

Eskom says an announcement about Koko's fate will be made in due course, as an investigation into his conduct has been handed to the board and Public Enterprises Minister Lynne Brown.

(Edited by Shimoney Regter)