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In a dramatic turn of events, Eskom CEO Brian Molefe has thrown in the towel and will leave the power utility on January 1.

In a statement released on Friday afternoon, the Eskom boss attacked former public protector Thuli Madonsela’s ‘State of Capture’ report, which had sketched a damning picture of his suspected close ties with the Gupta family.

Molefe said he had to step down in the interests of the utility and the pulblic.

Read the full statement below:

“On Wednesday 2 November 2016, a report entitled ’State of Capture’ prepared by the former Public Protector, Advocate Thuli Madonsela, was released.

“The report did not make any findings. Instead it made what were termed “observations”, based, (the report acknowledged), on an investigation not completed. It deferred a proper investigation to a commission of inquiry to be established at a future date. The outgoing Public Protector has directed the President — in whom the Constitution vests the power to appoint commissions of inquiry – to appoint one, and further directed the Chief Justice to designate a particular judge to head it.

Full story here:

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