S.Africa's Eskom launches probe, suspends execs after blackouts

[WorldNews]

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South Africa's state-owned power company Eskom suspended Thursday its chief executive and three other top officials as its board launched an inquiry into the troubled utility after a series of crippling blackouts. Eskom has been struggling to keep the lights on in Africa's most advanced economy since November with consumer demand repeatedly eclipsing supply. "To ensure that this process is as transparent and uninhibited as possible, the board has also resolved that four of its senior executives... should step down for the duration of this enquiry," said Eskom Chairman Zola Tsotsi. In 2008, South Africa was hit by an energy crisis that forced its mines shut for days, cost the country billions of dollars and led to a sell off in the rand.

 

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