ANDILE KHUMALO: Eskom should learn spin needs a small amount of truth
The inefficient governance of South Africa's state-owned enterprises is largely to blame for the loss of public confidence in these companies, which belong to all South Africans. This is why every South African must be allowed to voice their approval or disapproval of decisions taken at SOEs without being dismissed with disdain. The extraordinary decision to rotate CEOs by the board of Eskom - a public entity that is in the throes of state capture allegations involving the Gupta family and which has accounted for 85% of all tender deviations, worth R37-billion as revealed by the National Treasury this week - is a case in point. Everyone agrees that South Africa needs to get governance right, but when you have leaders in SOEs such as Eskom chairman Zethembe Khoza offering us rotating CEOs, which has no credibility anywhere in the world, I can't help but think they have run out of ideas. The tepid defence that Khoza and the board have mounted against criticism is nothing but balderdas...
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