Here is a summary of former Eskom CEO Andre de Ruyter’s achievements and failures at the power utility.
During his tenure at the power utility, De Ruyter managed to reduce debt and implement corruption-fighting processes at Eskom.
In February 2022, finance minister Enoch Godongwana announced a “tough-love” approach to funding South Africa’s state-owned companies.He highlighted that, as of February 2022, the power utility had been provided R136 billion to help it pay off its debt, with a further R88 billion earmarked for Eskom until the 2025/26 financial year.
During his interview with Larsen, the former CEO said he believes South African politicians — particularly those in the ANC — are complicit in corruption and power station sabotage at the utility. When he asked a colleague about the resistance, De Ruyter said they told him he was naive because he was not showing the [ANC] comrades “a way to eat”.
De Ruyter said power station saboteurs effectively committed treason weekly, but the State Security Agency was just “missing in action”. “Once we complete this programme of reliability maintenance, we will be able to significantly reduce, but not entirely limit the risk of load shedding going forward,” De Ruyter said.
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