Nov. 10 (Bloomberg) -- The dispute between the chief executive officer and chairman of Eskom Holdings Ltd. spells the end of “good governance” at the state-owned power utility, the National Union of Mineworkers, said.

The labor union, known as NUM, worked with Eskom Chairman Bobby Godsell while he was chief executive officer of AngloGold Ashanti Ltd., and he isn’t racist, Frans Baleni, secretary- general of NUM, told reporters in Johannesburg today.

To contact the reporter on this story: Ron Derby in Johannesburg at rderby1@bloomberg.net

Last Updated: November 10, 2009 04:23 EST