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The big story: Zondo’s fourth report shines light on Eskom’s capture

It’s been a dark week thanks to load shedding. So it’s fitting that last Friday Chief Justice Raymond Zondo released the fourth instalment of his state capture report that looked at the capture of the country’s power utility plus irregularities at our state-owned diamond mining company Alexkor and a number of failed projects in the Free State. Here’s what you need to know. 

🔹The report recommended that the NPA start prosecuting key figures involved in state capture and corruption. The most prominent figure mentioned was former minister of mineral resources Mosebenzi Zwane; Zondo called him “incompetent”, brazen and “a bad leader.” Zondo says that eight former state-owned enterprise executives should also face prosecution, among them former Transnet CFO Anoj Singh, Former Eskom CEO Brian Molefe of Saxonwold Shebeen fame and the famous tweeting engineer himself, former acting Eskom CEO Matshela Koko. 

Koko has made a career in recent years of defending himself on social media and broadcast interviews. He’s been at the forefront of a misplaced movement to characterise state capture justice as an attack on “radical economic transformation”.

🔹In the Free State, the report found that there was widespread corruption during Ace Magashule’s tenure as premier. There were also irregularities pertaining to the Estina (Pty) Ltd dairy farm, the Free State asbestos project and the Free State R1bn housing project. Magashule, who became ANC secretary-general in 2017 and stood down as premier early in 2018 to assume his new role, is currently facing charges related to corruption and money laundering in the asbestos matter. This matter was the reason the ANC asked him to step aside as secretary-general.

🔹The report also recommended that Alexkor be investigated for a tender given to Scarlet Sky Investments to sell diamonds. The report found that SSI had no mining experience prior to or after being handed the tender. The fifth and final chapter of the report is due on 15 June after Zondo was granted his eighth extension by the Pretoria High Court on Thursday. That many extensions may seem comical but most are in support there was far more information that came out of the commission than expected and we’d all rather Zondo be given the chance to get this right.

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