Home Accounting and Auditing Eskom suspends audit chief

Eskom suspends audit chief

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Eskom announced today that it had placed its Senior General Manager of Assurance and Forensics, Molefi Nkhabu, on a precautionary suspension “pending an investigation into circumstances surrounding internal audit investigation reports pertaining to transactions that he signed off, which contain inferences or conclusions which had the effect of exonerating certain previous Eskom executives implicated in maladministration.”
While Nkhabu should be presumed innocent until proven otherwise, Eskom says it is resolute in “rooting out maladministration.”
Given the seniority of Nkhabu and the seriousness of the allegations made against him, Eskom took a decision that it would be better for him to be suspended until the investigation is finalised.
 
Meanwhile Business Day reports that in its annual results presentation in July, Eskom announced it had found R19.6bn in irregular expenditure when it looked back on its books over the past six years

“Nkhabu’s is the latest in a string of Eskom executive suspensions this year, including former CFO Anoj Singh and former head of generation Matshela Koko, who eventually resigned from the utility.”