South Africa: Executives return to Eskom as McKinsey ordered to repay fee


Issue 361 - 18 Jan 2018 | 1 minute read

The return of controversial executives Matshela Koko and Prish Govender to national utility Eskom was greeted with dismay by civil society organisations and condemned by opposition parties. Governance issues at the utility, coupled with failure to publish interim results, are making it difficult for Eskom to raise money amid concerns that the utility is running out of cash. Failure to publish results could result in the suspension of Eskom bonds on the Johannesburg Stock Exchange.

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