The resignation of Eskom chairperson Bobby Godsell will cost South Africa dearly, the Freedom Front Plus said on Monday.

The party said the former Anglo American boss had the skills to turn around Eskom, whereas CEO Jacob Maroga's "hopeless management" had cost the country R50-billion because he failed to heed warnings about the coal crisis.

"The resignation of Mr Bobby Godsell, chairperson of the Eskom board, is a wrong decision which is to the detriment of Eskom and the South African electricity consumers," the party said.

It said Godsell's decision to step down would hurt investor confidence and lead to job losses.

If reports that Godsell met with President Jacob Zuma on Sunday were true, "the conclusion can be drawn that there was political pressure on Mr. Godsell to resign", the party said.

It added that Zuma would have shown a lack of confidence in Public Enterprises Minister Barbara Hogan's ability to handle Eskom's management crisis, and that he had bowed to pressure from the ANC Youth Leage, the Black Management Forum and the National Union of Metal Workers of South Africa, who all defended Maroga.

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