Thomas Hobbes notably said that words are “the money of fools” and perhaps there isn’t a better way to demonstrate it than by analyzing the the 1998 white paper that put Eskom on the path of “privatization”.

Eskom, until this legislation came into effect, operated with greater privacy and autonomy from the government. During the Apartheid years, it functioned as an independent entity governed by legislation, with a board comprising a few engineers and one accountant. The institution was so well-managed that its debt rating was lower than that of the South African government.

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https://hkrugertjie.substack.com/p/the-most-destructive-policy-in-sas