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Eskom's Maroga quits

Sikonathi Mantshantsha | Thu, 05 Nov 2009 13:21
[miningmx.com] -- ELECTRICITY supplier Eskom’s CEO, Jacob Maroga, has resigned with immediate effect, according to a staff announcement by the company’s chairman Bobby Godsell on Thursday afternoon.

Two different Eskom employees confirmed Godsell made the announcement that Maroga, who was absent from the announcement, resigned on Friday.

“They said they are still resolving the legal matters of his employment contract,” said one source.

Another employee said told Miningmx sister publication, Fin24.com, shortly after the staff announcement that Maroga resigned and the board accepted his resignation. “They are still working out the formalities.”

Godsell made the announcement together with non-executive director Mpho Makwana just after mid-day Thursday.

A press briefing that was scheduled to take place after the staff announcement was cancelled with a few minutes to go.

“I don’t know why it was cancelled,” said an employee in the communications department of Eskom.

Cabinet concerned

Earlier on Thursday in parliament, cabinet released a statement saying it was concerned about the negative effect that Eskom's proposed tariff increases will have on the economy if granted, reports Troye Lund.

Cabinet has asked Minister of Public Enterprises Barbara Hogan and Finance Minister Pravin Gordhan to come up with "other options". Eskom has asked the National Energy Regulator for a 45% increase every year for three years starting in 2010.


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