Outgoing Eskom CEO André de Ruyter laid bare the extent of the ANC’s complicity in corruption at Eskom in an explosive interview with eNCA’s Annika Larsen, saying there was evidence to indicate that some individuals in the party saw the power utility as a “feeding trough”.
In essence, De Ruyter directly fingered the ANC in corruption at Eskom, and clearly ruffled feathers, and his comments prompted a striking rebuke from the power utility’s board and the political party. De Ruyter’s comments imply that the ANC doesn’t see the findings of the Zondo Commission into State Capture as a lesson in doing things differently when it comes to governing and the governance of SOEs.
Political analyst Dr Ralph Mathekga said De Ruyter’s comments were further evidence that State Capture had not ended as some of the middle to senior managers in SOEs and high-ranking ANC officials who are implicated in corruption were still in the system and had not faced prosecutions. Eskom recorded a financial loss of R21-billion in 2020, declining to R18.9-billion in 2021 and R12.3-billion in 2022. Its debt has also been on a downward trajectory over this period, dropping by R61-billion to R423-billion. This is no small feat for a company that is fighting crippling problems on many fronts.
But all of this positive momentum is overshadowed, and arguably wiped out, by the governance and corruption crisis that continues to grip the power utility.De Ruyter’s interview on eNCA reminded South Africa that corruption is still entrenched at the power utility and that State Capture forces are still prevalent. In some respects, Eskom is losing the battle to stem the tide of corruption that has persisted for decades.For now, the priority should be to safeguard the $8.
Eskom can use the funding only to pay down its debt ; it cannot borrow more money from commercial banks; and it can invest only in its transmission and distribution network . If Eskom breaches these conditions, it would be forced to pay back the money immediately.
Shooting the messenger makes no sense. If ministers were complicit in causing load shedding that is something every South African should want to know.
Nothing will improve....the corruption will continue unabated!
He himself is corrupt ,his COO is corrupt ,they are both incompetent as the charts below shows ,but because of their vanilla privilege they will be praised and not declared delinquent directors like white supremacy did to dudu myeni...
Here are the original eskom financials ,not some white supremacy filled lies you guys keep posting study them and tell us what is it that Andre actually improved ,because eskom never made profit after Zuma's terms ,
Yes please forget all the creative accounting and the gaslighting in the past 3 years SA was moved from stage 2 to stage 7.
DuringtheStatecapture eskom was making profits Anizange nancoma zinja zezitha
Thievery corporation! They always have a way to put their bloody, dirty hands inside the cookie jar and leave only crumbs for the rest of the population. Dear Ruyter, don't take too much time in silence. You've made the first steps. Don't even dare to run away, sizokulanda
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