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Friday, April 19, 2019

Eskom is insolvent and its directors should be held liable

Eskom is insolvent. Its boards of directors for the past 20 years are liable for its failures, and should all summarily be sued for failing to act on the warnings of the 1998 white paper on energy and the 2003 white paper on renewable energy. What is happening now, is contained in warnings in those reports, publically available, and one would have expected the boards of directors of Eskom to read their reports before assuming Directorship Responsibilities.

If South Africa's law is applicable to private industry, then it is also applicable to public industry, otherwise the law is a farce.

https://businesstech.co.za/news/energy/299282/eskom-is-technically-insolvent/

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