Issued by: Eskom Media Desk Tel: +27 11 800 3304/3343/3378 Cell: +27 82 805 7278 Fax: 086 664 7699 Email: mediadesk@eskom.co.za

MEDIA STATEMENT

Eskom Board commissions independent enquiry

Thursday, 12 March 2015: The Eskom Board has today resolved to commission an

independent enquiry on the current status of the business and its challenges. The Board,

in its quest to address the current challenges faced by Eskom, has deemed it prudent to

seek an independent view on the status of, among other things:

The poor performance of generation plant

Delays in bringing the new generation plant on-stream

High costs of primary energy

Cash flow challenges

To ensure that this process is as transparent and uninhibited as possible, the Board has

also resolved that four of its senior executives, including the Chief Executive, should step

down for the duration of this enquiry, said Eskom Chairman, Mr Zola Tsotsi,

The other executives who have been asked to step down while the enquiry is underway

are Ms Tsholofelo Molefe (Finance Director), Mr Dan Marokane (Group Capital) and Mr

Matshela Koko (Commercial and Technology). One of the current non-executive Board

members, Mr Zethembe Khoza, has been asked to assume the position of interim Chief

Executive. Mr Khoza will be supported by Ms Nonkululeko Veleti (Finance), Mr Abram

Masango (Group Capital) and Mr Edwin Mabelane (Commercial and Technology).

All these senior executives have been with the organisation a long time and we are

confident that they will maintain business continuity during this period, Mr Tsotsi said.

The Board also resolved that the independent enquiry be conducted by external parties,

who will be selected within the next week. They will be given unfettered rights of access to

all information deemed necessary for this probe to be successful.

The Board has emphasized that this process is a critical step towards ensuring that the

situation facing Eskom improves as expeditiously as possible. To that end, we would like

to assure our customers and employees that this was done in the best interest of all our

stakeholders, and we hope to come out of this with a better grasp of all the challenges

facing the business, and most importantly, with solutions, added Mr Tsotsi.

Ends.

Issued by: Eskom Media Desk Tel: +27 11 800 3304/3343/3378 Cell: +27 82 805 7278 Fax: 086 664 7699 Email: mediadesk@eskom.co.za

More on the interim appointees

Ms Nonkululeko Veleti

Ms Nonkululeko Veleti is a registered Chartered Accountant and has been with the

organisation for almost 14 years working in the Finance Department.

Abram Masango

Mr Abram Masango, a qualified engineer, has been with Eskom for over 18 years and is

currently Project Director at Kusile. He brings to the role many years of valuable

experience, having occupied various senior positions within the organisation.

Edwin Mabelane

Mr Edwin Mabelane has been with the organisation for 21 years. He is a qualified engineer

has been a very senior executive before this appointment. He brings into the role many

years of valuable experience.