Damning evidence against top officials and the Guptas in state capture
PARLIAMENT has been presented with explosive evidence on state capture by three organisations who probed the looting of the country’s coffers.
The Organisation Undoing Tax Abuse (Outa) accused Eskom of fleecing the country of billions of rands with the escalation of the build programme of power plants including Medupi, Kusile and Ingula.
It said Eskom owed South Africa a refund over cost escalations.
Outa also said load-shedding in 2008 was self-inflicted with coal companies holding the power utility hostage with high prices.
The South African Council of Churches, Outa and the State Capacity Research Project were yesterday giving damning evidence against top officials and the Guptas in state capture.
Yesterday was the first day MPs met with the organisations to discuss state capture and the looting of billions of rands.
Ted Blom from Outa said Eskom had said in the mid-2000s the building of the three coal-fired power plants would cost R91bn, but that has gone up to more than R1 trillion.