Koko golden handshake would prove Eskom rewards bad behaviour
18 January 2018
The reports today that Eskom is currently in secret talks with its former Acting CEO, Matshela Koko, to negotiate a suitable financial package upon his exit, is nothing less than an attempt to reward bad behaviour.
The truth is that Koko has been heavily implicated in the capture of Eskom and is yet to be held fully accountable for this.
Koko’s disciplinary hearing, clearing him of all charges relating to misconduct, was nothing less than a sham. Eskom is in financial disarray and cannot afford to award individuals allegedly involved in corruption and State Capture with a “golden handshake”.
Eskom continues to be marred by controversy and lurches from one crisis to the next. Just this week, the JSE threatened to suspend the utility’s bonds because it had failed to publish its six-month interim results by the December 2017 deadline. This is clearly a state entity that is characterised by a leadership crisis.