Johannesburg – Minister of Public Enterprises Lynne Brown has retained
the current Eskom board, keeping under fire interim chair Zethembe Khoza untill
the first board meeting next year.
It was widely expected that Brown would make big
adjustments, but she opted to appoint only two new people.
Brown said her strategy is to recruit specialist business
expertise to fill additional vacant Board positions prior to the Annual General
Meeting in June 2018.
The new Eskom Board, approved by Cabinet this week
comprises, of Khoza, Dr Pat Naidoo, Mr Giovanni Leonardi, Dr Pulane Molokwane,
Mr Simphiwe Dingaan, Dr Banothile Makhubela, Mr Sathiaseelan Gounden. The two
new board members are Prof Malegapuru Makgoba and Prof Tshepo Mongalo.
Makgoba is an internationally recognised public
health advocate, and is the current Health Ombud of South Africa. He is a
former Principal of the University of KwaZulu-Natal and is the current Deputy
Chair of the National Planning Commission. He is highly regarded as a
transformation and ethics authority, and well versed in government policy,
corporate governance and human resources.
Mongalo is a legal practitioner and academic,
expert in company law and familiar with the environment within which
State-Owned Companies operate. He served
as Vice-Chairperson of the Department of Trade and Industry’s Specialist
Committee on Company Law. His corporate financial law, business strategy,
ethics and corporate governance skills will be invaluable to Eskom’s board.
Brown said an additional candidate, who has business
strategy expertise and was approved by Cabinet, ultimately declined his
nomination citing the highly-charged environment in which Eskom is operating.
She said this situation reflected the difficulty she had faced in putting together a strong board.
The new Eskom board will serve for the next three years.
SUBSCRIBE FOR FREE UPDATE: Get Fin24’s top morning business news and opinions in your inbox.
24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.