Former Eskom CEO has been asked to appear before parliament’s watchdog committee to justify his allegations of theft and corruption at Eskom.
Former Eskom CEO Andre de Ruyter believes his estimate that R1bn is being stolen a month from Eskom is “conservative”.
“I have publicly made the statement on a number of occasions that an estimated R1bn per month is stolen from Eskom. This is, if anything, a conservative estimate and is based on my assessment of the losses suffered by Eskom that have come to my attention,” De Ruyter will tell MPs. “Significant infrastructure theft, including cables, overhead lines, transformers and conductors costs Eskom approximately R2bn per year . Non-technical losses of electricity, which accounts for a significant amount of electricity theft, amount to about R200m per month, or R2.3bn per year, according to the Eskom 2022 annual report.
“Given that Eskom spends about R132bn per annum on buying primary energy, the bulk of which is coal, even a 5% loss factor on coal would equate to some R500m per month. A large part of the problem relating to coal quality is rampant criminality.”
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