Mpho Makwana Business News

Ex-Eskom CEO, Jacob Maroga, Says He Was Fired, Denies ‘Poor Performance’ Claim

Jacob Maroga, Former CEO, Eskom

Jacob Maroga, Former CEO, Eskom

Jacob Maroga, the former chief executive officer of Eskom Holdings Ltd. who is suing the South African electricity provider, said the company fired him citing “poor performance.”

Eskom’s claim that Maroga “lacked the necessary capacity to fulfil” his obligations as CEO is unfounded, according to an application he filed with the South Gauteng High Court. Maroga was “summarily dismissed” on Nov. 2 on grounds of “incapacity in light of poor performance,” a reason he denies, according to the application. Maroga is seeking reinstatement or R85.7 million ($11.3 million) in compensation.

Eskom, Africa’s largest power company, is without permanent replacements for its two most senior executives. Chairman Bobby Godsell resigned in November, saying the government didn’t support a plan to oust Maroga. The CEO left amid conflicting reports over whether or not he resigned. It had been reported in November that Jacob Maroga had resigned his post as CEO of Eskom. The Eskom dispute has set off charges of racism. The upheaval came as state-controlled Eskom sought funding for an expansion designed to ensure there’s no repeat of 2008 blackouts that shut mines. Read the rest of this entry »

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South Africa Eskom Dispute Sets Off Racism Charges

EskomA struggle over how to manage Eskom, South Africa’s state-owned power company, has opened debates on racism in the boardroom and political meddling in a country where politics and race remain a volatile mix.

Former chairman Bobby Godsell and former CEO Jacob Maroga were brought in recently to turn around Eskom, a utility that has been troubled for years, but they could not agree on strategy. In a statement Thursday, Eskom’s board said both men were out, and that an acting chairman was in sole charge until a new chair and CEO were named.

ChairmanKing.com recently reported that Bobby Godsell quit his role as Eskom Chairman and Jacob Maroga had resigned from his post as Eskom CEO.

Accusations are being made that Jacob Maroga was being pushed out because he is black. The youth wing of the ruling African National Congress party said: “The time of treating black people … as subjects, who can be fired as and when the white master wishes is over.” Read the rest of this entry »

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