Robert HersovChairman, BitMach · Investor/entrepreneur

€11 Billion for Green Energy… or Corruption?

Name: €11 Billion for Green Energy… or Corruption?
Uploaded: 2025-10-16T15:00:38+00:00
Duration: 31 s
Channel: Robert Hersov
Description: Robert Basil Hersov warns that the European Commission's €11.5 billion green energy proposal for South Africa could fuel corruption instead of growth…

16 Oct 2025 · 1 min

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Robert Basil Hersov warns that the European Commission's €11.5 billion green energy proposal for South Africa could fuel corruption instead of growth. Without strong transparency and institutional checks, he says the money risks being siphoned into ANC pockets, with audit reports written and ignored.

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11.5 billion euros landing in South Africa for green growth and new industry. The European Commission says this is a partnership for an inclusive and sustainable future. I say it is a test of our integrity. If the money flows through weak institutions without strict checks and transparency, it'll vanish faster than a ministerial promise into ANC pockets. Audit reports will be written, tabled, and ignored, and that mustn't happen again.