South Africa

South Africa

GroundUp: Gordhan urges South Africans to be informed about Eskom

GroundUp: Gordhan urges South Africans to be informed about Eskom

Simple booklet explaining the Eskom Inquiry has been published. By William Yoder for GROUNDUP.

First published by GroundUp

On Tuesday evening, the University of Cape Town Graduate School of Business hosted a public talk on Eskom and state capture and launched a booklet – Eskom Inquiry Reference Book – a simply written booklet on Parliament’s public enterprise inquiry for use by civil society, journalists and citizens. The speakers were Professor Anton Eberhard of UCT’s Graduate School of Business and Pravin Gordhan, former Minister of Finance. The event was attended by about 200 people.

Gordhan spoke first. “If we put it bluntly, this is part of a story of R150 to R200-billion disappearing from our financial system” over the past three years, he said.

Gordhan said people need to be aware of the extent of the issue as the “cost is not to the middle class but to the poor”.

Both Gordhan and Eberhard referred to allegations of collaboration between the Zuma administration and the Gupta family. Eberhard said: “Eskom is now in trouble. Its revenues are stagnant, its costs are rising, and its debts need to be financed.”

He said: “The arguments for breaking up Eskom are becoming powerful.”

Referring to the booklet authored by Eberhard and Catrina Godinho, Gordhan said it was crucial that an informed South African public send the message that “you can’t get away with stealing all your life. One day, you will be held to account”.

“There is a whole industry masking the truth from South Africans,” said Gordhan, referring to fake news articles and twitter accounts dedicated to the denial of Eskom corruption.

Both speakers expressed hope that Parliament would begin to hold to account Eskom and those attempting to capture state assets.

Parliament’s inquiry into public enterprises has been postponed until October. Gordhan said the delays were unfortunate but people should not immediately condemn the inquiry. DM

Photo: Pravin Gordhan

Gallery

Please peer review 3 community comments before your comment can be posted

X

This article is free to read.

Sign up for free or sign in to continue reading.

Unlike our competitors, we don’t force you to pay to read the news but we do need your email address to make your experience better.


Nearly there! Create a password to finish signing up with us:

Please enter your password or get a sign in link if you’ve forgotten

Open Sesame! Thanks for signing up.

We would like our readers to start paying for Daily Maverick...

…but we are not going to force you to. Over 10 million users come to us each month for the news. We have not put it behind a paywall because the truth should not be a luxury.

Instead we ask our readers who can afford to contribute, even a small amount each month, to do so.

If you appreciate it and want to see us keep going then please consider contributing whatever you can.

Support Daily Maverick→
Payment options

Daily Maverick Elections Toolbox

Feeling powerless in politics?

Equip yourself with the tools you need for an informed decision this election. Get the Elections Toolbox with shareable party manifesto guide.