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...

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