The revelations about Eskom are pouring in from the state capture inquiry. Natasha Mazzone believes their secret deals with China are “risky business”.
We’ve experienced a shuddering last few days at the state capture inquiry. Former Eskom executives who were present when the rot of corruption set in have lifted the lid on some pretty heinous behaviour: It’s been enough to convince Shadow Public Enterprises Minister Natasha Mazzone that the utility has put South Africa on a precipice.
Eskom’s risky business
Well, where do we start? We heard on Friday that ex-Chief Financial Officer Anoj Singh wanted to jump head-first into a R25 billion loan with Chinese firm Huarong Energy. Eskom treasurer Andre Pillay told the commission that the crippling financial deal only fell at the final hurdle when terms couldn’t be agreed later down the line.
Then you’ve got the jaw-dropping situation with Tegata: Eskom gave
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