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How Eskom fell from grace - and kept falling

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Of all the ailing state-owned enterprises in SA, none has rattled the lives of citizens quite like Eskom.

The past decade has seen the power utility deteriorate to a point that rating agencies have identified it as theBut Eskom has not always been in such a mess. In 2001 it was named the Financial Times Power Company of the Year at the Global Energy Awards in New York. Four years later, then Eskom board chairperson

said one of the many factors that made the company successful was its commitment to good corporate governance.

 

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Anc gov is to blame

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