Should people go to jail? Those caught in the wrong should pay the price - Eskom

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Eskom suffered a net loss of R2.3 billion in the past financial year.

The damage was not done overnight and so cannot be fixed overnight. We have to take some short-term pain to achieve long-term gains.

Jabu Mabuza, Eskom Chairperson

Irregular expenditure has swollen to more than R19 billion since 2012.

Eskom owes municipalities R4.2 billion.

The Money Show’s Bruce Whitfield interviewed Eskom CEO Phakamani Hadebe.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

It was always going to be a challenge… but we gave it our best shot.

Phakamani Hadebe, Eskom

That R19.6 billion is what we know. We can’t comment on what we don’t know.

Phakamani Hadebe, Eskom

We are committing that we’ll clean this place as much as possible…

Phakamani Hadebe, Eskom

We think those that are caught in the wrong should pay the price…

Phakamani Hadebe, Eskom

We’re sitting on 25 cases of investigations into wrongdoing…

Phakamani Hadebe, Eskom

There’s been talks… it indicates that the current structure must be reviewed.

Phakamani Hadebe, Eskom

We have identified other players with an interest in buying electricity from us…

Phakamani Hadebe, Eskom

Yes, we have this audit issue… but there’s more that is happening at Eskom…

Phakamani Hadebe, Eskom

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