"The board has taken a decision to pursue disciplinary action against Mr Koko. The minister of public enterprises has been informed of this decision," Zethembe Khoza said at a briefing to announce Eskom's financial results.
The decision followed an investigation by law firm Cliffe Dekker Hofmeyr and Nkonki.
Koko, who was acting CEO after Brian Molefe's departure from Eskom, was suspended earlier this year after allegations of a possible conflict of interest involving his stepdaughter, who was a director of a company that scored R1 billion in business from Eskom.
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