Ramaphosa highlights Eskom’s efforts to recover billions of rand

Eskom is attempting to recoup tens of billions of rand that it believes was paid irregularly to contractors including coal supply agreements and construction contracts, underscoring the deep rot plaguing the state-owned utility.

The extent of the embattled state-owned utility’s troubles are contained in a written reply by President Cyril Ramaphosa to a question by NCOP MP Cathlene Labuschagne of the DA...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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