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South Africa Removes Eskom CEO Molefe After Bungled Rehire
JOHANNESBURG (Capital Markets in Africa) – South Africa will remove Brian Molefe as chief executive officer of Eskom Holdings SOC Ltd. less than three weeks after his controversial return to the state power utility. Public Enterprises Minister Lynne Brown will appoint an acting CEO within 48 hours, after a committee of cabinet ministers asked by President Jacob Zuma to review Molefe’s reinstatement found that the decision was incorrect, she told reporters in Cape Town on Wednesday. Brown has asked the…
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