SIKONATHI MANTSHANTSHA: ‘New’ (same old) Eskom board
It will be the same tired lie, in which a Gupta stooge rubber stamps yet another appointment of a fellow stooge, no doubt arranged at the Saxonwold Shebeen
Lynne Brown, the public enterprises minister, has rudely demonstrated at every opportunity she’s had over the past four years how little she thinks of the people who buy electricity from Eskom. She’s likely to do so again within weeks, appointing the clueless and unemployable Zethembe Khoza as Eskom’s full-time chair. That won’t surprise readers of this magazine. Nor will it shock the markets, which are owed R471bn by Eskom, through its bonds. Investors will just see this as yet another of SA Inc’s stupid deeds likely to earn the country an almost inevitable credit downgrade.Again, Brown has promised to appoint another "new" board to oversee the affairs of the electricity utility. Don’t expect there to be anything new about it. It will be the same tired lie, in which a Gupta stooge rubber stamps yet another appointment of a fellow stooge, no doubt arranged at the Saxonwold Shebeen. This isn’t the first time Brown has peddled that story about a "new board". In June, she said she woul...
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