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Interviews

In his new book, Licence to Loot, investigative journalist Stephan Hofstatter takes an x-ray of state capture in South Africa to reveal its rotten heart. 

Eskom could have saved R90 billion if it had invested in tied mines as it was supposed to. Instead it chose to truck in coal at inflated prices.

Stephan Hofstatter, author of Licence to Loot

Eskom debts are said to have soared to R387bn, R221bn of which was borrowed against government guarantees. This represents almost three-quarters of all government-guaranteed SOE borrowing. These details are set out in Licence to Loot, a book from Investigative Journalist Stephan Hofstatter.

Published extracts