What looting cost Eskom

Former president Jacob Zuma knowingly and willingly facilitated audacious looting and wanton mismanagement at the state power utility during his almost nine-year rule, the Commission of Inquiry into State Capture concluded.

Eskom entered into irregular contracts worth R14.7 billion mainly with entities linked to members of the

Gupta family, who were Zuma’s friends and in business with one of his sons, Chief Justice Raymond Zondo said in a new report earlier this year on government corruption.

“The evidence proves a scheme by the Guptas to capture Eskom, install the Guptas’ selected officials in strategic positions within Eskom as members of the board, the committees of the board and the executives and then divert Eskom’s assets to the Guptas’ financial advantage.” the report said