Molefe will take over the reigns at Eskom with immediate effect to replace suspended Tshediso Matona, who was suspended pending an inquiry into Eskom’s troubles.
Public Enterprises Minister Lynne Brown said in order to stabilise the executive leadership, and after consultations with various stakeholders including President Jacob Zuma, Deputy President Cyril Ramaphosa, the boards of both Transnet and Eskom decided to second Molefe as acting Chief Executive of Eskom.
“Molefe is the current Group Chief Executive of Transnet and his secondment is with immediate effect. His experience in having turned around the Public Investment Corporation and providing stability at Transnet is a clear indication that Molefe is no stranger in leading complex institutions,” said Brown in a statement.
“Given Eskom’s current financial and operational position, I am confident that we will be able to draw on his experience and understanding of the financial markets. This secondment is also considered in light of Molefe’s extensive understanding of the public sector and the environment in which State-Owned Companies operate…”
— Eleanor Becker (@EleanorSeggie) April 17, 2015