SIKONATHI MANTSHANTSHA: Wind of change blows through Eskom
Megawatt Park now not only looks clean but it also feels clean. The stench of corruption is largely gone
As the weeks edge closer to Eskom’s reporting period in July, newly appointed CEO Phakamani Hadebe and his team will have to convince sceptical markets that they have a solid plan to save the utility and put it on a sustainable path. More immediately, however, the results for the year ended March must show that the new leadership team has ended the endemic corruption with which Eskom has become synonymous. This will be an indicator of whether the utility can again be trusted with investors’ money. The signs so far are good. A lot has been done to root out the most prominent criminals in the state capture project. The result is that Megawatt Park now not only looks clean — which it always did — but it also feels clean. The stench of corruption is largely gone. Still, no fewer than six teams of investigators are combing through the books to weed out those corrupt elements still clinging to their undeserved jobs. More than half-a-dozen executives and senior managers have resigned or be...
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