Eskom

The Organisation Undoing Tax Abuse (OUTA) has welcomed the announcement that state-owned utility, Eskom, will be investigated by the HAWKS on State Capture.

OUTA indicated that its services and resources will be made available to assist the newly appointed Eskom Board as well as the Hawks to fight State Capture.

“Together, we need to get to the root of the problem and in doing so map the path to rebuilding this once great institution to the powerhouse it can be.

“This is a critical step in identifying exactly how deep the rot is in Eskom and we trust that those involved in corrupt dealings will soon face justice,” said Wayne Duvenage, chief executive officer at OUTA.

He added: “This investigation will be the first proper attempt to fix the very sick State utility.”

HAWKS: root out the rot

In a statement, OUTA said that in 2017 it investigated corruption in Eskom and as a result, laid charges against; Anoj Singh, Brian Molefe, Ben Ngubane and Matshela Koko to rid Eskom of the corrupt leadership.

“Eskom is a critical enabler for the economy and every effort must be made to save it,” added Duvenage.

Duvenage further added: “It would be unfortunate that critical documents have been destroyed and we hope that these can be salvaged from source companies. An example would be to request the infamous redacted “Dentons report” from a consulting company.”

The Public Investment Corporation (PIC), on Monday, entrusted a loan to the value of R5bn to ESKOM to cover operational costs in the short term. Read more…

Sector strength

Ben Theron, chief operating officer at OUTA said that the organisation previously raised concerns about the PIC being used to cover costs incurred by poor and irresponsible management.

“These investments held high risks and little chance of returns, however, Eskom is facing a crisis of mammoth proportions and need time and some funds to get back to even keel. It is with this in mind that OUTA cautiously supports this intervention and that the Board will do what is needed to make Eskom great again.”

According to Theron, Eskom has the opportunity to become a case study that other SOE’s can emulate to become pillars of excellence which South Africa so badly needs.

“We look forward in seeing these sectors becoming pillars of hope and trust that civil society can play a critical role in ensuring the reintroduction of accountability in SOE’s.”

 

Featured image: Stock