Breaking: Eskom Appoints Acting Chief Executive Officer


Matshela Koko has been appointed as Eskom’s acting group chief executive officer (CEO).

His appointment, endorsed by the Minister of Public Enterprises‚ Lynne Brown, on Wednesday, takes effect from December 1.

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Koko’s appointment as the acting CEO of the state utility was fast-pedalled after the Eskom Board recommended him to take over from its former CEO Brian Molefe, who resigned earlier this month.

Confirming the appointment, Minister Brown said Koko has a wealth of experience and understands the challenges faced by the state utility.

His statement reads: “I approved the Board’s request to appoint Mr. Koko as acting Group Chief Executive Officer.

His appointment will also ensure continuity at Eskom. I have also asked the board to immediately start the process to appoint a permanent group CEO and that this process needs their urgent attention.

I have also asked the Board to immediately start the process to appoint a permanent Group CEO and that this process needs their urgent attention. Mr. Koko must ensure that the current trajectory at Eskom continues.”

Like former CEO Molefe, who resigned after Thuli implicated him in her State of Capture report, new acting CEO Matshela Koko is also implicated in the “State of Capture” report.

He allegedly signed a document approving a prepayment of R600,000 to Gupta-owned Tegeta Exploration and Resources, but he was not subpoenaed to give evidence to the public protector.

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He faces further public scrutiny –  the Constitutional Court is preparing to deliver judgment relating to an R5-billion contract for steam generators at the Koeberg nuclear power plant, which was awarded to Areva after the intervention of Koko.

Another Eskom top officer Mark Pamensky, also tabled his resignation after Molefe resigned. Pamensky is said to have ties with the influential Gupta Family.

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