Public Enterprises Minister Lynne Brown notes the resignation of Mr Brian Molefe

Mr Molefe today announced his resignation, with effect from 1 January 2017 as Group Chief Executive of Eskom.

“I am saddened by the announcement of Mr Molefe’s resignation. However, I do respect his decision to do so.

“Mr Molefe has been instrumental in developing Eskom’s turnaround strategy which is beginning to yield positive results and it is disappointing that he will not be present to see it to complete fruition.

“I want to reassure the country that as Shareholder Representative, I will work closely with the Board to ensure that the company remains stable.

“I am confident that Mr Molefe leaves a strong Executive team in place to continue to deliver on Eskom’s mandate and implementation of the turn-around strategy.

“He leaves the company at a time when Eskom’s mid-term results showed an improvement.

“The mid-term results released last week showed that Eskom’s liquidity improved; revenue increased by 10.5% year-on-year to R97.1 billion; the accelerated maintenance programme improved plant availability from 71.23% to 78.50%; unplanned breakdowns improved from 14.75% 9.72%; and we have had 460 days without load shedding.

“Furthermore, Eskom managed to connect 99 869 households to the grid for the period under review and the company must be congratulated for connecting more households in 22 years of democracy to the grid than the previous 70 years of minority rule,

“It is always sad to lose an Executive of Mr Molefe’s calibre and I wish him every success in his future endeavours,” said Minister Brown.

Source: Government of South Africa.

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