STATE-OWNED ENTERPRISES:
How corrupt power captured Eskom and helped pull the plug on growth
The usual suspects have been named but a parliamentary inquiry will hopefully shine a light on all dirty tricks
Parliament will soon begin its inquiry into Eskom and other state-owned enterprises (SOEs). As it summons witnesses to give evidence, further details will come to light around the repurposing of governance and the centralisation of rent-seeking opportunities to unlawfully benefit a politically connected elite. If Parliament fulfils its constitutional mandate, the fingerprints of the president, the Gupta family and its associates, ministers Malusi Gigaba and Lynne Brown, and implicated Eskom board members and management will be revealed. Looking back, we can see what happened. Shortly after Zuma ascended to the presidency in 2009, he expressed an unusual degree of interest in board and management appointments at Eskom and Transnet. Then public enterprises minister Barbara Hogan’s resistance to dubious cadre deployments soon cost her her job. Hogan’s replacement, Gigaba, was more yielding. One of his first moves was to overturn a procurement decision on which the Eskom executive and b...
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.