Gift an article

Zuma's grip loosened by Eskom chaos

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
loading...
Loading, please wait...
President Jacob Zuma at the World Economic Forum in Durban. (Pic: Liesl Peyer, Fin24)
President Jacob Zuma at the World Economic Forum in Durban. (Pic: Liesl Peyer, Fin24)

Johannesburg - Management upheaval at Eskom has dealt another blow to President Jacob Zuma as he battles allegations that he’s been pivotal to a scheme to siphon off billions from the power utility and other state companies.

Ben Ngubane quit as Eskom’s chairperson late on Monday just two weeks after the African National Congress forced its board to rescind a decision to reappoint Brian Molefe as its chief executive officer. A report by the Office of the Public Protector and a trove of as many as 200 000 emails leaked to the media indicate that the two officials may have abused their positions to the benefit of members of the Gupta family, who are friends with the president and are in business with his son.

Whereas Zuma, 75, was once seen as someone who couldn’t be challenged, the evidence swirling around him and his allies has become “too damning for anyone to ignore,” Somadoda Fikeni, a politics professor at the University of South Africa in the capital, Pretoria, said by phone. “The president is losing ground day by day.”

Read this for free
Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
Try FREE for 14 days
Already a subscriber? Sign in
Rand - Dollar
17.48
+0.4%
Rand - Pound
21.48
+0.1%
Rand - Euro
18.42
+0.2%
Rand - Aus dollar
11.90
+0.4%
Rand - Yen
0.13
-0.4%
Gold
1,798.42
-0.3%
Silver
23.21
+2.0%
Palladium
1,898.90
-2.4%
Platinum
1,021.00
-2.2%
Brent Crude
86.88
-0.1%
Top 40
68,238
-0.9%
All Share
74,323
-0.9%
Resource 10
74,020
-2.7%
Industrial 25
91,592
-0.6%
Financial 15
15,398
+0.8%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders