South Africa: corruption costs Eskom $55m a month

The South African state-owned electricity company, Eskom, is costing an average of $55 million a month in corruption, with the company burdened with debt and unable to produce enough power for the country’s energy crisis, the company’s former chief executive said on Wednesday.

In a remote interview with a parliamentary committee on public accounts, Andre de Ruyter confirmed his statements on the level of corruption at Eskom in a document…