Brian Molefe acting Eskom CEO

 ·17 Apr 2015

Current Transnet chief, Brian Molefe, has been appointed as new acting CEO of struggling power utility, Eskom.

Public Enterprises Minister Lynne Brown said Brian Molefe’s secondment to Eskom as acting chief executive officer is with immediate effect.

It is understood that Molefe will leave Transnet, with his replacement expected to be announced on Monday, according to minister Brown.

Molefe said his immediate priority is to minimise the current load-shedding that the country is experiencing.

Eskom has been forced into rolling blackouts in 2015 following the collapse of one of its coal storage silos, diesel shortages, and maintenance issues.

Leadership issues also continue to plague the power utility following the sacking of chairman, Zola Tsotsi, and the suspension of Eskom’s CEO, Tshediso Matona, and three other senior executives including the financial director.

Judgment in the challenge by Matona to have his suspension set aside was reserved by the Labour Court in early March.

Molefe has served as Transnet CEO since 2011. He was also an executive director at Telkom (2008 – 2010) and CEO of Public Investment Corporation between 2003 and 2010.

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