Eskom's departing CEO said the stricken state-owned utility is losing R1bn a month to graft and theft committed by people often affiliated to the ANC.
in an interview
De Ruyter has led Eskom for a turbulent three years, cracking down on corruption that pushed the company’s debt to more than R400bn and has led to frequent breakdowns of its coal-fired power plants, which produce almost all of South Africa’s electricity. “Over many years, corruption has systematically weakened the state, damaged key institutions and eroded the country’s social fabric,” Ramaphosa said in his weekly newsletter earlier this month. “We are determined to build a society defined by decency and integrity, that does not tolerate the plunder of public resources.”
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