Eskom’s debt takeover marred by CEO’s explosive allegations and ANC lawsuit

Eskom is bleeding 1bn ZAR ($54m) a month to organised criminality, De Ruyter claimed in a stunning interview with ETV, a private channel in South Africa. On 14 December, De Ruyter announced that he will step down as Eskom CEO but will remain in the job until March while a successor is sought, amid tensions caused by the ruling ANC party’s subsequent lawsuit against the CEO.

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