Search Climate Insights Directory

The document details the systematic repurposing of Eskom's governance to facilitate large-scale corruption by a politically connected elite, specifically the Gupta family. It highlights the hollowing out of technical expertise through biased board and executive appointments, leading to irregular procurement in coal, IT, and infrastructure. Key cases include the awarding of overpriced contracts to Tegeta and the use of Trillian as a consultancy conduit. The authors argue that these failures have compromised Eskom's financial sustainability and South Africa's economic growth, recommending structural reforms and the unbundling of the utility.