Minister Brown statement on Eskom
"Fast-tracking the appointment of Eskom's new Board was neccesitated by the company's precarious liquidity position and the previous Board's perceived prevarication in dealing with executives facing serious allegations of impropriety.
"When I strengthened the Board late last year, I retained the then Acting Chairperson, Zethembe Khoza — and three other Non-Executive Directors — on the grounds that continuity was important heading into the last quarter of the current financial year.
"Several senior figures from the business community had indicated their willingness to serve — but did not want to commit themselves on the eve of the ruling party's elective conference.
"Eskom's financial circumstances demanded immediate action. At the beginning of January I instructed my Department to urgently consult stakeholders, including the organised business community, to compile a shortlist of proposed new blood for the Board.
"Last week, I wrote to the Deputy President and the Secretary-General of the ruling party to brief them about the proposed interventions.