Third suspended Eskom boss leaves utility

25 June 2015 - 18:04 By RDM News Wire

Eskom has announced the departure of its finance director‚ Tsholofelo Molefe‚ who had been on placed on suspension earlier this year. The electricity utility said in a statement: “Eskom and its Finance Director‚ Ms Tsholofelo Molefe‚ have mutually agreed to part ways on an amicable basis. Eskom reiterates that Ms Molefe is and was never suspected of any negligence‚ misconduct or wrongdoing”.“With the separation‚ the enquiry initiated by the Board into the state of affairs at Eskom will continue as planned‚ and Ms Molefe’s suspension falls away. The separation is also by no means in anticipation of the outcomes of the enquiry‚ the latter whose objective is to enable the organisation to deal with its challenges.”Details of the investigation by law firm Dentons has not yet been made public.In March‚ four top executives were suspended for reasons as yet unexplained: The four were Molefe‚ former CEO Tshediso Matona‚ group capital executive Dan Marokane and technology executive Matshela Koko.Two - Matona and Marokane - have recently accepted packages to leave without a fuss. According to the Sunday Times‚ Matona had spent only seven months at Eskom as CEO‚ yet was being paid more than double that remuneration to go. The newspaper reported that according to Eskom’s financial statements‚ Marokane was paid about R4.7-million in the 2014 financial year‚ which suggests his payout would have exceeded R7-million.Molefe joined Eskom in July 2005 and held executive leadership roles in Transmission‚ Finance‚ Customer Services and lately‚ as Finance Director‚ Eskom said...

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