Brian Molefe discusses Eskom's financial results

Brian Molefe presented a positive outlook on the financial standing of Eskom.
Photo: RAYMOMD PRESTON Sunday Times.

Eskom’s chief executive Brian Molefe resigned on Friday afternoon.

Molefe will leave the power utility at the end of December 2016 and said he has decided to do so in the interests of the utility and the public.

Many believe this was only a matter of time after the release of former public protector Thuli Madonsela’s State of Capture report in which Molefe was implicated in suspicious business practice which was based on his close relationship with the Gupta family.

In a statement released on Friday afternoon, Molefe criticised Madonsela’s report and said that it was regrettable that the report was “prepared in haste to meet a deadline related to the public protector’s own departure from office.”

“I wish to reiterate that this is not an admission of wrongdoing on my part,” he said.

Molefe called the report unfair, said it painted him as corrupt and failed to afford him the opportunity to respond. However, he felt confident that in time he would be able to show that he had done nothing wrong and that his name would be clear.

“I wish to reiterate that this act is not an admission of wrongdoing on my part. It is rather what I feel to be the correct thing to do in the interests of the company and good corporate governance,” he said.