Former Eskom Employee and Outa’s head of energy Ted Blom testified before Parliament’s inquiry into allegations of corruption and maladministration at power utility Eskom today.
Blom says that back in 2001, space was created for breaches in governance.He add in the begining it may have been justified, but this set a president that has just gotten worse every year.
When it comes to the manipulations surrounding coal, Blom says that there were three generations of corruptional thieving. He adds that there are additional people responsible for this corruption other than those that have been exposed in the press.
The first level involved a syndicated of 54 people. It was more organised crime than corruption.— Ted Blom, Former Eskom Employee and Outa’s head of energy
According to Blom that first level included payment for non delivery of coal, substandard coal as Eskom was not in a position to monitor the coal and interference of lab reports that involved bribery.
The second generation of corruption came during a shortage of coal. Blom says Eskom jumped on BEE bandwagon, because BEE was offered better prices, but the coal deliveries were not changeg. Finally the third generation was the entry of the Guptas.
Dr Iraj Abedien, Chief economist, Pan-African Investment and Research who has been observing the Eskom Inquiry says that all the testimonies they have heard confirms what we have suspected over the past few years.
He adds that the corruption was a strategic undermining of the economy as a whole.
The more I think about it and hear different sides of the story, this is a structured, systematic sabotage of the South African economy.— Dr Iraj Abedien, Chief economist, Pan-African Investment and Research
Listen to the full interview below: