BusinessLive reports that embattled state-owned power utility Eskom, which has described its financial situation as "very dire", is in secret discussions to terminate the employment of controversial executive Matshela Koko.
The parties are apparently close to a separation agreement as the talks are now centred on the amount the head of generation would take to agree to leave. Talks are at a sensitive stage, according to three informed sources. Last week, Koko was replaced by Willy Majola as interim head of generation, a move Eskom said was "a mutual agreement" for Koko "to settle in" following his reinstatement after a disciplinary hearing cleared him of various charges including conflict of interest. Two senior government officials outside Eskom, however, confirmed there were plans to remove Koko within days. Asked detailed questions about the negotiations and the legality of any proposed golden handshake, Eskom skirted the questions, instead only confirming Koko’s "current status" as an employee.
- A short report by Sikonathi Mantshantsha is at BusinessLive
- See too, Singh, Koko to face parliamentary inquiry next week, at The New Age
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