On Air Feature

Eskom looted to point of bankruptcy?

Date: Aug 1, 2017

Eskom's woes continue

South Africa's power utility, Eskom has been embroiled in a number of allegations of fraud and corruption recently. In the latest, the utility suspended its Chief Financial Officer, Anoj Singh last week over allegations that he gave preferential treatment and beneficial deals to Gupta-linked companies. 

According to news reports, Eskom accounts showed the utility incurred a three-billion-rand in irregular expenditure and it closed the 2017 financial year with 20-billion-rand in its bank accounts. Meanwhile, Parliament's Public Enterprises Portfolio Committee is now preparing for an inquiry into irregularities and allegations of corruption at Eskom.

On the Forum@8, Sakina Kamwendo spoke to Financial Mail deputy editor, Sikonathi Mantshantsha who unpacks Eskom's woes from financial results, procurement dealings, state capture and governance troubles.

LISTEN to the discussion below:

 

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