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Major red flags for South Africa’s $8.5 billion energy deal

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BUSINESS Leadership South Africa (BLSA) says that allegations from former Eskom chief executive Andre de Ruyter of corruption among high-level government officials are serious, and could put the country’s $8.5 billion Just Energy Transition (JET) deal at risk.

According to BLSA CEO Busi Mavuso, the allegations made by De Ruyter warrant a full investigation, adding to the call from various sectors that he file a formal case.

During an interview with E-tv’s Annika Larsen last week (21 February), De Ruyter made several explosive allegations about entrenched corruption at Eskom and within the government, including that a senior politician was involved in dodgy dealings – and a government minister was well aware of this.

He also alleged that corruption was entrenched within the governing ANC, and that moves were being made to “water down” controls around the $8.5 billion JET deal – which involves countries like the US, UK, France, Germany,

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