Tag: governance failure

South Africa’s electricity framework has been rocked by an error that could cost households dearly. In August 2025, the National Energy Regulator of South Africa (NERSA) confirmed the R54 billion miscalculation in its revenue decision for Eskom under the Sixth Multi-Year Price Determination (MYPD6). This was not a minor accounting slip.

In recent years, corporate governance has become a hot topic following scandals like Steinhoff, Tongaat Hulett and many others. Despite increased attention, significant and material progress in improving governance practices across organisations remains alarmingly scarce.

Digital governance frameworks are needed to address disjointed oversight and enhance decision-making in today’s complex corporate environments. Despite public outcries about corruption and demands for accountability, the importance of good corporate governance continues to be trivialised.

As the two countries implement reforms, the local situation is unlikely to spiral out of control as it did in France. In October 2010 there were massive strikes across France against pension reform. Activist Jean-Baptiste Reddé’s slogan “Ecoutez la colère du people" (Listen to the people’s rage) became world famous as the symbol that epitomised public sentiment.  

A plethora of corporate governance codes has been written across the world, and in spite of their recommendations which inter alia seek to protect stakeholder interests and shareholder value, many governance failures and organisational collapses continue seemingly unabated.