Khoza: Corporate governance at Eskom is very low
Eskom chairperson Zethembe Khoza has testified in the parliamentary inquiry into grand corruption at the state-owned power utility.
CAPE TOWN - Eskom chairperson Zethembe Khoza has conceded that corporate governance at the utility is very low, but he’s not blaming any of the suspended executives for the mess just yet.
Khoza has testified in the parliamentary inquiry into grand corruption at the state-owned power utility.
The Public Enterprises portfolio committee intends resuming with the probe early in the new year.
Khoza scored corporate governance at Eskom a 3 out of 10.
A big problem has been the frequent leadership changes such as ten chief executives and five chairpersons over the past decade.
Most recently, the utility’s acting CEO Matshela Koko and CFO Anoj Singh face internal disciplinary action for alleged wrongdoing.
Both have courted scandal while serving in top posts.
EFF MP Marshall Dlamini asked Khoza to name those who’ve been bad for Eskom’s reputation.
"Is Koko good or bad for Eskom?"
"The process is going to test that," Khoza replied.
"Brian Molefe, was he good or bad for Eskom?" Dlamini pressed.
"Yes he delivered a lot of good things for Eskom," Khoza said.
"Are you good for Eskom, Mr Khoza?" Dlamini asked.
"Yes, I am," was Khoza's reply.
In 2015, Eskom lost three top executives, allegedly on the instruction of then SAA chairperson Dudu Myeni.
Khoza confirmed that the Presidency wanted an inquiry into the state of Eskom at the time.