MEDIA STATEMENT

Eskom Board commissions independent enquiry

Thursday, 12 March 2015: The Eskom Board has today resolved to commission an
independent enquiry on the current status of the business and its challenges. The Board,
in its quest to address the current challenges faced by Eskom, has deemed it prudent to
seek an independent view on the status of, among other things:

The poor performance of generation plant

Delays in bringing the new generation plant on-stream
High costs of primary energy
Cash flow challenges

To ensure that this process is as transparent and uninhibited as possible, the Board has
also resolved that four of its senior executives, including the Chief Executive, should step
down for the duration of this enquiry, said Eskom Chairman, Mr Zola Tsotsi,
The other executives who have been asked to step down while the enquiry is underway
are Ms Tsholofelo Molefe (Finance Director), Mr Dan Marokane (Group Capital) and Mr
Matshela Koko (Commercial and Technology). One of the current non-executive Board
members, Mr Zethembe Khoza, has been asked to assume the position of interim Chief
Executive. Mr Khoza will be supported by Ms Nonkululeko Veleti (Finance), Mr Abram
Masango (Group Capital) and Mr Edwin Mabelane (Commercial and Technology).
All these senior executives have been with the organisation a long time and we are
confident that they will maintain business continuity during this period, Mr Tsotsi said.
The Board also resolved that the independent enquiry be conducted by external parties,
who will be selected within the next week. They will be given unfettered rights of access to
all information deemed necessary for this probe to be successful.
The Board has emphasized that this process is a critical step towards ensuring that the
situation facing Eskom improves as expeditiously as possible. To that end, we would like
to assure our customers and employees that this was done in the best interest of all our
stakeholders, and we hope to come out of this with a better grasp of all the challenges
facing the business, and most importantly, with solutions, added Mr Tsotsi.
Ends.

Issued by: Eskom Media Desk

Tel:
+27 11 800 3304/3343/3378
Cell:
+27 82 805 7278
Fax:
086 664 7699
Email:
mediadesk@eskom.co.za

More on the interim appointees

Ms Nonkululeko Veleti
Ms Nonkululeko Veleti is a registered Chartered Accountant and has been with the
organisation for almost 14 years working in the Finance Department.
Abram Masango
Mr Abram Masango, a qualified engineer, has been with Eskom for over 18 years and is
currently Project Director at Kusile. He brings to the role many years of valuable
experience, having occupied various senior positions within the organisation.
Edwin Mabelane
Mr Edwin Mabelane has been with the organisation for 21 years. He is a qualified engineer
has been a very senior executive before this appointment. He brings into the role many
years of valuable experience.

Issued by: Eskom Media Desk

Tel:
+27 11 800 3304/3343/3378
Cell:
+27 82 805 7278
Fax:
086 664 7699
Email:
mediadesk@eskom.co.za