Koko charged with failing to declare trips to Dubai paid for by Gupta ally

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File: Matshela Koko is heading back to the Labour Court.

File: Matshela Koko is heading back to the Labour Court.

Photo_Web_Matshela_Koko_060218

File: Matshela Koko is heading back to the Labour Court.

File: Matshela Koko is heading back to the Labour Court.

JOHANNESBURG - Eskom has reversed an ultimatum given to Matshela Koko that he must resign or be fired.

Koko, the power utility’s head of generation, will now face internal disciplinary action.

 

 

Acting CEO Phakamani Hadebe had defended the earlier ultimatum, saying Koko had become the face of corruption at the parastatal.

Eskom is currently navigating a turbulent financial crisis.

 

 

The Public Investment Corporation has stepped in to help, with a R5-billion loan to cover its operational costs for this month.

Earlier Koko headed back to the Labour Court.

The court threw him a lifeline, stopping Eskom from firing him.

READ: Eskom&39;s Koko suspended

Last week, Hadebe issued Koko an ultimatum on Thursday to be fired or resign within 24 hours.

But in a turn of events, Eskom has instituted new disciplinary inquiry against him.

Koko has been implicated in awarding contracts worth R640-million to a company in which his stepdaughter owns shares.

He&39;s asking the court to declare Hadebe’s ultimatum unlawful and invalid.