Another R139bn stolen at Eskom? – probe underway

The Special Investigating Unit is probing 11 contractors for stealing a staggering R139bn during the building of Eskom’s Medupi, Kusile and Ingula power plants.

And insiders say the total cost of Eskom looting could reach about R500bn, dating back to

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Why South Africa has blackouts and ‘load shedding’

Rolling blackouts last year had South Africans firing up candles, flashlights and generators after crisis-plagued Eskom Holdings SOC Ltd., which provides most of the country’s electricity, failed to meet demand. The power crunch has since eased thanks to fewer unplanned … Read the rest

SA’s energy policy for Neanderthals, says Free Market Foundation

Executive director of the Free Market Foundation, Leon Louw says the return of nuclear power run by the current government will be a ‘catastrophe’.

“This government has shown conclusively that it is unable to manage electricity … Nuclear will make … Read the rest

Medupi: Murder and mega fraud uncovered

Allegations of massive fraud related to Eskom’s ill-starred Medupi and Kusile power station projects have begun to emerge from the collapse of First Strut, the Mail & Guardian reported.

Central to the claims is steel fabrication company Cosira, which construction … Read the rest