12 November 2009
Johannesburg — Mpho Makwana acting Chairman has told a media conference at Megawatt Park in Johannesburg that Jacob Maroga has signed his letter of resignation.
Makwana also said that the former Eskom CEO won't be receiving any form of golden handshake.
Makwana told a press conference that as Chairman he had been entrusted to run the company until the appointments of a new chairman and CEO.
Over the past two weeks, Maroga dismissed reports by Eskom's board members who said he had resigned at the latest board meeting following a clash with the company's chairman Bobby Godsell, who stepped down on Monday. Maroga's tenure has been marked by power shortages, a record loss of R9,7bn ($1,31bn) in the year to March and electricity price rises criticised for stoking inflation as South Africa battles recession.
Eskom Holdings says it hopes to appoint a new chairman and chief executive officer within six months.
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