African News Agency
1 minute read
12 Nov 2016
10:45 am

Molefe’s resignation shocking, says Sanco

African News Agency

The resignation of Eskom CEO Brian Molefe suggests that those implicated in former public protector Thuli Madonsela’s report on state capture might be beginning to appreciate its gravity and implications, the South African National Civic Organisation (Sanco) said.

Brian Molefe speaks at a press conference where he was releasing Eskom's 2016 interim results, 3 November 2016. Megawatt Park, Sunninghill. Picture: Tracy Lee Stark

Sanco was shocked at Molefe’s resignation. It was a setback for black corporate excellence, Sanco national spokesman Jabu Mahlangu said.

“Though it is premature to assume that the move was prompted by the public protector’s state capture report the timing of the resignation which coincides with its release suggests that those fingered in it might be beginning to appreciate its gravity and implications,” he said.

Sanco hoped that the judicial commission of inquiry that was to conduct an in-depth investigation into allegations of state capture would reveal whether Molefe was involved in tender irregularities or not and whether his relationship with the politically-connected Gupta family compromised good governance and sound financial management.

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“Molefe was one of the best administrators in the public service and state-owned enterprises (SoEs) whose skill, experience, and expertise were still needed to steer the public electricity utility towards efficiency and sustainability through its turnaround strategy,” Mahlangu said.

It was important that the appointment of the judge to head the commission be finalised speedily, and the manner in which unfolding processes were handled by government and the ruling party to inspire public confidence.

“Perceptions to the contrary will have adverse consequences,” Mahlangu said.