New Eskom board today
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.