News24 Business front pageFinance Minister Enoch Godongwana says that former Eskom CEO André de Ruyter"was economical with the truth" in his comments about corruption at Eskom in a recent interview.
The interview, which was screened on eNCA on Tuesday and Wednesday evenings, led to De Ruyter's immediate departure from Eskom at the board's request. The [former] CEO of Eskom was economical with the truth because when he raised the issue of corruption at Eskom, particularly in Mpumalanga, an investigation was done, and indeed some syndicates were operating, which also included police. The government set up a task team and moved into Megawatt Park and arrested a number of people.
Godongwana also briefed MPs on the debt solution for Eskom. The bailout will see the Treasury take over R254 billion in debt repayments and interest costs for the next three years and take over R70 billion of loan debt. The bailout will take the form of an interest-free loan with conditions attached.
"We have appointed an independent team to assess Eskom to give us a better understanding and to say exactly what conditions to attach to the loan. We will get to the bottom of the issues," he said. The independent consortium of consultants will be led by Vgbe Energy and includes several global engineering consulting firms. Vgbe has previously worked with Eskom.In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month.
_Business He is right, he was economical,he didn't tell all just a snippet
_Business Hey Mr Minister how about you become Economical with the handouts to SOEs eg SAA 😜
_Business Mr. DE RUYTER WAS SPOT ON! I believe every word! Lots of frightened crooks running for cover. EXPOSE EVERY ONE OF THEM MR. DE RUYYER they must all go to jail!
_Business Are you not lucky corruption at the top
_Business Wtf does that mean?
_Business Please speak to the rest of your cadres as they not aligned with you they lie so much that even the truth is a lie when they hear it
_Business Shit trying to cover shit.
_Business ANC is really Fucked
_Business Well yes, bail Eskom out now, there is another 8.5 billion US on the way to be eaten.
_Business Haha they accused koko_matshela of running eskom to the ground now thier white boy is saying R1 Billion is being stolen every month 🔥🔥🤣🤣🤣🤣
_Business You know how I know Ruyter's claims are true? All of the MYANC cronies have been galloping to the media to discredit him in less than 24 hours, in contrast to the usual radio silence when the people demand answers...forward comrades!
_Business Why don’t the ANC PROVE THAT THEY ARE NOT Corrupt. THIS SHOULD SHUT UP THE CRITICS.
_Business That actually means that there is some truth to it but that u don't have the whole story right🤦♀️
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