BREAKING: Eskom’s Matshela Koko submits letter of resignation

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31 minutes ago

Yolandi Groenewald and Ntaoleng Lechela

Johannesburg – Controversial top Eskom executive Matshela Koko submitted his resignation on Friday, but did not admit to any guilt.   

This emerged during his second disciplinary hearing, which is currently taking place in Sandton. 

The hearing was informed that Koko sent his resignation letter via email to the group chief executive of Eskom on Friday morning. 

In the letter, which was read out at the hearing, Koko stated that he was resigning from the power utility without admitting to guilt. 

The hearing has been adjourned until 12:00. While Koko’s legal team has argued that the letter should bring the hearing to a close, Eskom wants it to continue. 

Eskom spokesperson Khulu Phasiwe confirmed Koko had resigned.  

“But Eskom still prefers that the disciplinary hearing should go ahead today as planned because believes that it has a strong case against Mr Koko,” he told Fin24 on Thursday at 11:00. 

Back again 

Before Friday’s hearing, Koko had been adamant that he would not resign, saying he still had a crucial role to play at Eskom and that the state utility’s lenders had been unfair in demanding his dismissal.

In January Koko had returned to his job at the power utility as Eskom group executive for generation, after being acquitted in an earlier disciplinary hearing related to nepotism involving his stepdaughter.

But he was again suspended in January after he refused to resign, as Eskom group CEO Phakamani Hadebe had requested him to do.

Getting rid of Koko was one of the demands lenders issued to the cash-strapped facility in order to access critical financing. 

Hadebe in his papers denied that an ‘ultimatum’ had been issued to Koko, who alleged in his affidavit that Hadebe had given him 24 hours to resign on January 25. 

Koko subsequently obtained an urgent Labour Court order to safeguard his position until he has been through all the legal steps for a fair dismissal, including a disciplinary hearing. 

At his latest disciplinary hearing the Eskom executive is facing four charges, including misleading Parliament about the McKinsey/Trillian payment, leaking confidential Eskom information to a Gupta associate and accepting flights to Dubai from a Gupta ally.  

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