Gift an article

Embattled Eskom takes another hit as Busi Mavuso resigns from already hobbling board

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...
0:00
play article
Subscribers can listen to this article
Former Eskom board member Busisiwe Mavuso.
Former Eskom board member Busisiwe Mavuso.
Gallo Images/Sunday Times/Masi Losi

The Eskom board has been reduced to just five non-executive directors, from a necessary 13, after the resignation with immediate effect of Busi Mavuso on Tuesday soon after a short meeting between the board and Public Enterprises Minister Pravin Gordhan.

Mavuso, who is also the executive director of Business Leadership South Africa, was the sole remaining chartered accountant on the board and chairperson of the two-person finance and investment sub-committee.

She resigned with immediate effect and confirmed to News24 that Gordhan had not acknowledged her letter.

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
Voting Booth
A Section 89 panel headed by former chief justice Sandile Ngcobo found President Cyril Ramaphosa has an impeachable case to answer on the Phala Phala scandal.
Please select an option Oops! Something went wrong, please try again later.
Results
Ramaphosa should do the honourable thing and immediately resign.
22% - 2252 votes
Ramaphosa should follow due process and submit himself to an impeachment hearing.
30% - 3037 votes
Ramaphosa should fight the findings in court and keep his job at all costs
48% - 4892 votes
Vote
Rand - Dollar
17.31
+0.1%
Rand - Pound
21.08
-0.2%
Rand - Euro
18.18
-0.2%
Rand - Aus dollar
11.56
+0.3%
Rand - Yen
0.13
+0.5%
Gold
1,772.92
+0.1%
Silver
22.35
+0.7%
Palladium
1,857.00
+0.3%
Platinum
985.50
-0.6%
Brent Crude
79.35
-4.2%
Top 40
67,510
-1.3%
All Share
73,638
-1.2%
Resource 10
72,246
-2.3%
Industrial 25
90,536
-0.9%
Financial 15
15,617
-0.8%
All JSE data delayed by at least 15 minutes Iress logo
Editorial feedback and complaints

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

LEARN MORE