EXCLUSIVE: Incriminating Eskom report kept in a vault
Secrecy fuels suspicions of a cover-up as US company Dentons probe cost millions of rand
The Eskom board has for two years been sitting on a damning report that cost millions of rand to produce and resulted in the loss of its three top executives, plunging the embattled company into a further leadership crisis that deepened load shedding, which cost the economy billions. The report has been kept in a vault since its completion in July 2015, fuelling suspicions of a cover-up of corruption by the utility’s leaders. The secrecy around the report, which sources say is only accessible to some board members, raises the risk that Eskom is still being managed by the same people who are accused of corruption. Despite Eskom’s assertion to the contrary, there is no evidence of any measures being taken to strengthen governance and operational processes, leaving Eskom at risk of a return to the paralysis that cost taxpayers and the economy billions. The fragile state in which the power utility has found itself since 2014 resulted in the government bailing Eskom out through a R23bn c...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.