Democratic Alliance MP Alf Lees says Eskom is a bankrupt company, and the power utility’s acting CEO Calib Cassim agrees it cannot manage its debt without assistance., Lees urged Eskom to meet with George Fivaz Forensic and Risk to get to the bottom of its intelligence report initiated under former CEO André de Ruyter.
“So you’re downsizing your organisation, but your number of employees has gone up dramatically and, I think, almost doubled over the past 15 years, specifically during the State Capture period.” “In the last few years, we’ve had equity injections of billions of rands. Now we’ve got the debt relief again. It’s a significant amount of taxpayers’ money.”“We have R60 billion of municipal debt that is due to us. That makes a big difference in liquidity,” said Cassim.
This came after Lees expressed his surprise at the lack of urgency on the part of the Eskom board to approach Fivaz for a meeting.