Eskom suspends senior manager pending investigations into internal audit reports

(Gianluigi Guercia, AFP)
(Gianluigi Guercia, AFP)

Eskom announced on Thursday afternoon that it had placed its Senior General Manager of Assurance and Forensics, Molefi Nkhabu, on a precautionary suspension.

The power utility said this was pending an investigation into circumstances surrounding internal audit investigation reports related to transactions that he signed off on.

The reports contain “inferences or conclusions which had the effect of exonerating certain previous Eskom executives implicated in maladministration”. 

It did not say which previous executives it was referring to, or when the investigation into Nkhabu would start. 

“The Eskom executive management, whilst espousing the principle of the presumption of innocence, due to the seniority of Mr Nkhabu and the seriousness of the allegations made against him, took a decision that it would be better for him to be suspended until the investigation is finalised,” the group said in a statement.  

“The Board and executive management of Eskom are keen and resolute in rooting out maladministration. “

ZAR/USD
17.00
(-0.36)
ZAR/GBP
21.21
(-0.30)
ZAR/EUR
19.11
(-0.27)
ZAR/AUD
11.79
(-0.50)
ZAR/JPY
0.16
(-0.18)
Gold
1774.43
(-0.02)
Silver
18.05
(+0.69)
Platinum
808.00
(+0.15)
Brent Crude
42.92
(+2.64)
Palladium
1914.99
(+1.50)
All Share
54521.90
(-0.17)
Top 40
50179.89
(-0.26)
Financial 15
10150.02
(-0.64)
Industrial 25
76554.73
(+0.52)
Resource 10
50138.02
(-1.24)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
I'm not really directly affected
18% - 1574 votes
I am taking a hit, but should be able to recover in the next year
23% - 2068 votes
My finances have been devastated
34% - 3083 votes
It's still too early to know what the full effect will be
25% - 2238 votes
Vote