source: Fin24
2009/11/09 08:35:00 PM
Johannesburg – The resignation of power utility Eskom’s chairperson and return of its chief executive signalled an end to a leadership drama that erupted last week, but analysts say it could unnerve foreign investors.
Eskom chairperson Bobby Godsell had announced chief executive Jacob Maroga’s resignation to the utility’s staff last Thursday, but the chief executive returned to work on Monday, an Eskom spokesperson confirmed.
In a dramatic turn of events, Godsell himself stepped down on Monday, the department of public enterprises (DPE), which oversees Eskom, said.
“Mr. Godsell has resigned. The minister received his letter this morning,” said Ayanda Shezi, a spokesperson at [continue reading]
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