Now that Eskom is forging ahead with its nuclear build programme, you can expect the parasites that illegally feed off the public wallet to get even richer next year while the general populace gets poorer. Just to be clear right up front: I am all for a well-thought-out, properly costed, corruption-free and progressive nuclear electricity investment. But Eskom is not the organisation to be trusted with such a costly exercise. Chairman Ben Ngubane, outgoing CEO Brian Molefe and acting CEO Matshela Koko are not to be trusted even with standing in for the spaza shop owner while he is out replenishing his meagre stock. Under their leadership, mismanagement and corruption have hit levels that make Mobutu Sese Seko and Robert Mugabe look like angels. Under their stewardship the arms deal corruption will look like a poor rehearsal. Go read the public protector’s "State of Capture" report; and consider the Westinghouse court case (which Eskom has lost many times) for the replacement of six ...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.