Why the Lights Are Going Out in South Africa
14th August 2023
Confession time! I did something last weekend that I’ve never done before: I read a business book.
It’s called Truth To Power, and it’s the memoir of André de Ruyter, who led the troubled South African power monopoly Eskom for three years, before resigning in early 2023. Over his short, fraught tenure, he uncovered criminal networks stealing from the company, allegedly with the collusion of partners high in the ruling African National Congress. On his way out the door, someone in his office tried to poison him with cyanide. Quite a business climate South Africa has these days.