Andre De Ruyter, group CEO of Eskom, said the haze of corruption remained at the heart of the struggling power utility.
“Unfortunately, there is a residue of corruption.” The notion that corruption ended when the Guptas’ plane departed Lanseria airport is simply false. Corruption is still prevalent within the organization.”
South Africa’s top business, political, and civil leaders held candid and in-depth discussions about the country’s future.
According to De Ruyter, Eskom has suffered significant physical, cultural, and financial damage as a result of state capture, making rebuilding efforts difficult.
Eskom is in debt to the tune of over R400 million and is struggling with power generation capacity due, among other things, to deteriorating infrastructure.
In the latter case, the power utility has frequently implemented power cuts in an effort to relieve the burden on the national power grid.