The Editor’s Desk: EOH, Hulamin & the rot in SA’s corporate world

Corruption and mismanagement are far from a uniquely public sector problem, as the tales of EOH and Hulamin show. Hulamin has succeeded in destroying billions of rands in capital over the last decade through sheer poor judgement and bad management, while EOH has found itself mired in a billion-rand corruption scandal that reaches all the way to board level. In this episode, Alec Hogg and Felicity Duncan discuss this sorry state of affairs, looking at how these companies managed to get so far off the rails. They also discuss the latest developments in the Bosasa/Cyril Ramaphosa case, looking at the Public Prosecutor’s Friday decision that Ramaphosa is guilty of an offense.