BLSA announcement on suspension of Eskom and Transnet
28 September 2017
Business Leadership South Africa (BLSA) announces that it has today suspended the membership of both Eskom and Transnet with immediate effect.
This follows BLSA’s engagement with the two state-owned enterprises in connection with extensive allegations of corrupt behaviour over a long period.
BLSA CEO Bonang Mohale said, “South Africans have been rightly disturbed in recent times at the numerous allegations of corrupt behaviour and colossal failures of corporate governance and accountability at both Eskom and Transnet.
This behaviour is entirely at odds with the values of BLSA, captured in our Integrity pledge. Neither of the SOEs were able to give BLSA comfort that they appreciated the seriousness of the issues at hand, or that they had the requisite will and purpose to put their houses in order. This left BLSA with no choice but to suspend their memberships from the organisation. We have to live by our values and will take a zero-tolerance approach to any organisation found in breach.