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Jun 27, 2011

Gigaba stresses shareholder activist role as new Eskom chair is appointed

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Public Enterprises Minister Malusi Gigaba again expressed regret on Monday over the “unfair” treatment of the then incumbent board members at Eskom, after the “premature publication” of Cabinet-approved changes to the composition of the utility’s board.

He was speaking at the group results, which were held following its annual general meeting, at which Zola Tsotsi was confirmed as Eskom chair, replacing Mpho Makwana.

Gigaba also said that the Department of Public Enterprises was working on a “development-focused” framework for the functioning of the State-owned enterprises falling under its authority.

He indicated that, under the framework, he would seek to exercise his oversight mandate through offering strong support, but also through shareholder activism.

 

Edited by: Creamer Media Reporter
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