BUSA notes its grave concern with the announcement about the return of Brian Molefe to Eskom

BUSA notes with grave concern the Eskom board announcement on the return of Mr. Brian Molefe to his former role as Chief Executive of Eskom, given the circumstances of his resignation and his own expressed desire to “clear his name”. The decision by Eskom’s board flies in the face of the Public Protector’s report and is not in line with the expected levels of accountability and ethical leadership, particularly in such a crucial State institution. BUSA aligns itself with the concerns expressed by many South Africans, including the ruling party in this regard.

BUSA views Eskom as a vital entity in the health of our country’s economy and the attractiveness of South Africa as an investment destination that is supported by sustainable public finances. “The return of Mr Molefe as CEO of Eskom is inopportune, indefensible and undermines government’s messages around promoting good governance at State Owned Companies,” stated Tanya Cohen, CEO of BUSA.