Eskom and its CEO Tshediso Matona have “mutually agreed to part ways on an amicable basis,” according to a statement released late on Monday afternoon.
“It is expressly noted that no misconduct or wrongdoing is alleged by Eskom against Mr Matona,” states Eskom. “Mr Matona believes that the agreement to part ways is in the best interest of Eskom, to allow the Board to pursue its plans for the company under the current leadership.
“With the separation, the inquiry initiated by the Board into the state of affairs at Eskom will continue as planned, and Mr Matona’s suspension falls away. The separation is also by no means an anticipation of the outcomes of the inquiry, the latter whose objective is to enable the organisation to deal with its challenges.”
The State-owned power utility said it believed that Matona can still play a vital role for the country in either cusiness or public service and thanked him for his tenure at the company.
More to follow.