Eskom’s revenue, cash flow and bottom line are under severe pressure, a final draft report by Eskom to Public Enterprises Minister Lynne Brown reportedly says.
The ANC leadership seems divided on state capture, with Jacob Zuma dismissing it and Cyril Ramaphosa and Gwede Mantashe acknowledging the impact it’s had.
Eskom has blamed its financial mess on state capture and is planning on shutting power to municipalities and households that owe it a collective R11-billion.
Deputy President Cyril Ramaphosa has ramped up his campaign by unveiling his economic plan, which aims to see the economy grow by 3 percent next year.
President Jacob Zuma said in an interview with ANN7 that he does not know what is meant by ‘state capture’, then dismissed it as a fake political tool.
Eskom’s suspended head of legal’s testimony at the Eskom Inquiry shed more light on the Gupta influence at the SOE, and Lynne Brown’s role in the matter.
Embattled state-owned enterprise Eskom has found a scapegoat for its irregular dealings with Gupta-linked Trillian Capital Partners.
Nedbank is the latest firm hit by fallout from the #GuptaLeaks emails, facing allegations it worked with Gupta-linked businesses to extract money from Transnet.
Parliament’s inquiry into affairs at Eskom on Tuesday heard how ex-CFO Anoj Singh delivered government deals to Trillian Capital Partners on a platter.
German software company SAP is the latest international firm exposed for corrupt dealings with Gupta-owned businesses and the state-owned enterprises.