Johannesburg – Eskom CEO Brian Molefe has decided, in the interests of good corporate governance, to step down as CEO from the utility as of January.

In a statement released on Friday afternoon, Molefe said this was on the back of former Public Protector Advocate Thuli Madonsela’s report entitled “State of Capture”.

Madonsela’s report said cellphone evidence revealed that Molefe was at or near the Guptas’ Saxonwold compound in Johannesburg 19 times between August 5 and November 17, 2015.

The report, which investigated the alleged influence and improper relationship of the Gupta family in the removal and appointment of ministers and directors of state-owned entities, further said Molefe and Ajay Gupta made 58 telephone calls to one another between August 2015 and March 2016.

The report further details phone calls between Molefe and Ronica Ragavan, a long-time Gupta associate who was recently appointed acting CEO of Oakbay Investments, the family’s main holding company.

Molefe did not deny being in the Gupta vicinity during those dates, but did not admit being in the Gupta compound or meeting the Gupta brothers either.

He has, however, said that the report is full of inaccuracies and in his Friday statement said that he did not admit any wrongdoing.

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