ANC president Cyril Ramaphosa delivers the political report at the opening of the 55th ANC national conference.Almost R3bn looted during state capture has been recovered by Eskom to date, President Cyril Ramaphosa said at Nasrec, Johannesburg, on Friday.
Delivering the political report at the ANC's 55th national elective conference, Ramaphosa said SOEs were claiming a further R5bn in various court processes. "An important part of the work to reverse the effects of state capture is the recovery of funds that were paid illegally or improperly to a number of companies." he said."The effects of loadshedding are felt every day by households, businesses, schools, hospitals and government offices... We have undertaken several far-reaching measures to completely transform the country's energy sector," said Ramaphosa.
"The insecurity of electricity supply continues to be one of the greatest impediments to economic recovery. Poor policy decisions in the past, together with inadequate maintenance, mismanagement and widespread corruption, have left our electricity system in a critical state." On Friday, Eskom implemented stage 6 loadshedding ''until further notice’’ amid the country's constant power woes.
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Looted money from SOEs being recovered in courtLooted money from SOEs being recovered in court: 'The effects of loadshedding are felt every day by households, businesses, schools, hospitals and government offices... We have undertaken several far-reaching measures to completely transform the… The money that was looted by your ANC friends Cyril! This lot are not normal with the absolute kak praat! Blah blah blah, same broken record playing for the last 20 years.
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