South Africa's sole electricity utility. Subjected to systematic state capture from 2014-2018, resulting in load shedding, R500B+ in debt, and ongoing operational collapse.
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State-Owned Enterprise
Eskom
R2.9 trillion
total financial exposure
South Africa's sole electricity utility. Subjected to systematic state capture from 2014-2018, resulting in load shedding, R500B+ in debt, and ongoing operational collapse.
Case themes
R1 trillion (estimated programme cost — stopped by court)
PreventedR500.0 billion
MixedR500.0 billion
Economic ImpactR254 billion
Hidden LiabilityR233 billion
Contract ValueR135-234 billion
Contract ValueR100+ billion (aggregate SOE capture under Gigaba-appointed boards)
MixedR96 billion (combined Medupi/Kusile boiler contracts; ~$5.6B)
Contract ValueR47 billion+
Economic ImpactR10 billion
Contract ValueR3.7 billion
Contract ValueR2.34 billion (R659M prepayment + R1.68B guarantee)
R2.17 billion
R76.5 million (preserved)