New Eskom board to­day

The Citizen (KZN) - - NEWS -

The new board of the state-owned power util­ity will be an­nounced to­day, an of­fi­cial from the de­part­ment of pub­lic en­ter­prises said yes­ter­day.

The names were dis­cussed in Wed­nes­day’s Cabi­net meet­ing, but Pub­lic En­ter­prises Min­is­ter Lynne Brown’s spokesper­son Colin Cruy­wa­gen said an an­nounce­ment would be made “by end of busi­ness” to­day.

The em­bat­tled power util­ity, which is at the cen­tre of a state cap­ture probe by a par­lia­men­tary com­mit­tee, has come un­der in­tense pub­lic scru­tiny over ex­ec­u­tives and board mem­bers al­legedly favour­ing the Gupta fam­ily when dish­ing out mul­ti­mil­lion-rand con­tracts. The new board was ex­pected to be in place by Novem­ber 30, but due to the Cabi­net meet­ing be­ing post­poned to this week, Brown could not make an an­nounce­ment.

Fi­nance Min­is­ter Malusi Gi­gaba warned in his medium-term bud­get pol­icy state­ment that Eskom de­fault­ing on loans was the big­gest risk to the econ­omy.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.