South African Group Files Petition to Declare Eskom Board Members Delinquent

(Bloomberg) -- South African civil-society organization Corruption Watch said it has launched an application in the High Court of Pretoria to have former Eskom board members declared delinquent.

The application “focuses on the violation of fiduciary duties and gross negligence on the part of former board members,” the Johannesburg-based Corruption Watch said in an emailed statement on Monday. The papers name Mark Pamensky, Anoj Singh, Brian Molefe, Venete Klein, Zethembe Wilfred Khoza and former Minister of Public Enterprises Lynne Brown.

Eskom is 419 billion rand ($33.3 billion) rand in debt, is loss making, has more staff than it needs and its aging plants can’t always produce enough power to meet declining demand.

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