citypowerTimesLIVE reports that City Power has confirmed the suspension of its CEO Mongezi Ntsokolo. Isaac Mangena, spokesperson for the City of Johannesburg’s power utility, advised that the decision to suspend Ntsokolo was taken last week and supported by shareholders.

“This is pending an investigation by group forensics into allegations against him that were brought to the attention of the board relating to his previous employment at Eskom,” Mangena indicated. The allegations allegedly relate to maladministration and corruption. Mangena said Ntsokolo had welcomed the probe as he hoped it would resolve concerns raised by the allegations. “The CEO is not fired. [He] is not guilty until proven otherwise, and he is co-operative towards this process we are taking and also wants the clouds around him to be cleared so that he can focus on the core work of running the institution. The suspension is to enable the board to conduct a free and fair investigation without any interference. The board takes the issues raised seriously,” said Mangena.


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