NEWS ANALYSIS: Eskom circus clowning with future of SA
Taxpayers will be the real losers if the power utility is totally destroyed
In a scene resembling the dying days of the SABC board led by Prof Mbulaheni Maguvhe in late 2016, Eskom last week suspended its legal head and replaced acting CEO Johnny Dladla with a relative junior, while the board tied itself in knots with contradictory public statements. At stake is not only the recovery of the R1.6bn that Eskom illegally paid to McKinsey and Trillian, but also the financial stability of the country as the R400bn the electricity utility owes lenders can be recalled, with disastrous consequences for the economy. The suspension of legal head Suzanne Daniels, who has taken the matter to the Commission for Conciliation, Mediation and Arbitration (CCMA), brings to six the number of the utility’s executives who have been iced in the past six months. Daniels was suspended two days after demanding that McKinsey and Trillian pay back money illegally earned and threatened the companies with possible criminal prosecution.If Eskom continues on its current path, key people ...
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