Eskom reports its worst performance yet ahead of winter. The minister of public enterprises stressed that the privatisation of South African Airways will still take time. The latest State Capture report details an Indian state-owned bank as a key facilitator for the Gupta family’s state capture assault on South Africa. Public protector makes an unprecedented move to block parliament from impeaching her.
A new report shows that Eskom has delivered its worst performance to date, with its generation stopping 697 times and its coal fleet shrinking to 55.5% by March. Eskom’s chief operating officer said South Africa needs to add 50,000MW – equal to replacing the current energy fleet – of additional generation to the national transmission grid over the next 13 years to cover the energy supply gap and replace retiring coal stations.
[The State Capture Commission’s latest report revealed that the Indian state-owned bank, the Bank of Baroda, failed to report suspicious activity from the Gupta family’s and their associate’s accounts. The commission found that the bank facilitated the Guptas’ alleged laundering operation. By using the bank, the Guptas were allegedly able to launch their many assaults on South Africa with the assistance of state ministers.
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