Red flags after the annual results of Eskom



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In his defense, the utility has blamed the corrupt individuals who have since left the company.

Eskom reported seeing 10 CEOs in 10 years and six boards in the same period. In a statement, Eskom said that 10 executives involved had left and the finalization of "outstanding disciplinary hearings concerning senior executives are being expedited".

In the report, 11 criminal cases were opened, five of which involved nine senior executives.

"A total of 1,049 disciplinary cases outstanding since April 2018, of which 628 have been finalized, resulting in 75 employee departures," Eskom said.

The public service reported that 239 cases of whistleblowing had been investigated, 122

"A disciplinary process is under way for 67 confirmed cases and corrective measures have been taken against 25 staff members working with Eskom, seven of them are out, "Eskom said in the report.

Energy expert Ted Blom, a partner at Mining & Energy Advisors, said that there would be pressure on Eskom until the fiscal year 2020.

over the past ten years, has developed the very lucrative art of 'crying the wolf' – a pricing strategy that has allowed the state entity to gnaw the economy of the SA of some 1.3 trillion rand. It was a very rewarding gameplay, but eventually the audience and Nersa woke up to that turn, "said Blom.

" If the government or president [Cyril] Ramaphosa is serious about corruption, then that is There is where the investigation must begin. Ramaphosa asked for ideas on how to relieve the financial burden on the public. A good start would be to clean Eskom as this would allow energy prices to come back below 40c KWh – a 50% reduction that will spearhead the SA economy and the growth of the economy. Employment "(1965, p., Id) {
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