PwC report exposes holes in Eskom-Tegeta contract

In Parliament on Wednesday, the Standing Committee on Public Accounts (Scopa) examined a report into a deal signed between Eskom and the Gupta-owned company Tegeta that saw Eskom buying coal from Tegeta.

EWN reporter, Xolani Koyana, says what is clear from the briefing is that the PricewaterhouseCooper (PwC) report which was commissioned by Eskom in 2015 reveals that the contract was signed hastily, contained errors and some irregularities - and was signed in a rush.

We are no closer to finding out why it was signed so quickly.

Xolani Koyana, EWN reporter

Health and safety tests were apparently only done eight days after the contract was signed.

Xolani Koyana, EWN reporter

When PricewaterhouseCooper (PwC) visited the mine on a site visit, it was discovered the mine was still under construction and that a subsidiary company with very little coal mining experience was used as a front.

The value of the contract between Eskom and Tegeta was questioned by the committee.

MP's want Eskom managers to come here and account for that.

Xolani Koyana, EWN reporter

Take a listen to the full report in the clip:


Recommended

by NEWSROOM AI
Read More
SACP wants Zuma axed and Guptas gone from SA

SACP wants Zuma axed and Guptas gone from SA

The SA Communist Party has called for President Jacob Zuma to resign over his reckless actions which plunged SA into deep crisis.

Molefe should reject MP offer (if he stands for excellence)- Eusebius McKaiser

Molefe should reject MP offer (if he stands for excellence)- Eusebius McKaiser

Eusebius McKaiser says if Brian Molefe accepts the offer it would reinforce the idea that he has been a wolf in sheep's clothing.

I will tell you when I want to tell you - Zuma on Cabinet reshuffle rumours

I will tell you when I want to tell you - Zuma on Cabinet reshuffle rumours

President Jacob Zuma jokingly told the media to forget about Cabinet reshuffle rumours.

Eskom CEO, #WitsShutDown and State of Capture report marks explosive 2016

Eskom CEO, #WitsShutDown and State of Capture report marks explosive 2016

EWN reporter, Gia Nicolaides, shares her news year for 2016.

Eskom's newly appointed acting CEO also implicated in Madonsela's report

Eskom's newly appointed acting CEO also implicated in Madonsela's report

Eskom board recommended Matshela Koko for the position of acting CEO after the resignation of Brian Molefe.

Molefe did the right thing by resigning from Eskom - energy expert

Molefe did the right thing by resigning from Eskom - energy expert

Energy expert Chris Yelland predicts new CEO will not come from Eskom board or executive management as they are compromised.

Madonsela report makes no adverse findings against Molefe - law expert

Madonsela report makes no adverse findings against Molefe - law expert

Eskom CEO Brian Molefe is resigning, claiming the report's observations harmfully damaged his and the power utility's reputation.

Tegeta wants out of Eskom deal

Tegeta wants out of Eskom deal

EWN reporter Gia Nicolaides looks at the Gupta-owned company wanting to pull out of coal deal with Eskom.

Eskom disputes Madonsela's findings

Eskom disputes Madonsela's findings

Day two of Eskom's press conference is underway in Johannesburg responding to Madonsela's findings in state capture report.

How your cellphone can be used to track your whereabouts

How your cellphone can be used to track your whereabouts

The Money Show’s Bruce Whitfield interviews Stuff Magazine Editor Craig Wilson.

Molefe makes light of evidence of Gupta visits ('There's a shebeen there…')

Molefe makes light of evidence of Gupta visits ('There's a shebeen there…')

The Money Show’s Bruce Whitfield interviews EWN's Gia Nicolaides about the Eskom CEO’s response to the state capture report.

Brian Molefe addressing state capture report's Glencore and Tegeta claims

Brian Molefe addressing state capture report's Glencore and Tegeta claims

Eskom CEO is elaborating on details of what happened between May and August last year at the interim results meeting.

Popular articles
[WATCH] Guy eye-rolls after girlfriend takes selfie, has social media talking

[WATCH] Guy eye-rolls after girlfriend takes selfie, has social media talking

Khabazela shares tweets and Facebook posts that have gone viral.

'The problem is incompetent SAA management staff and thieving'

'The problem is incompetent SAA management staff and thieving'

SAA Pilot's Association former chair, Captain Piet Taljaard says the core does all the work while management is clueless.

Schools don’t teach personal finance - how to raise a future millionaire

Schools don’t teach personal finance - how to raise a future millionaire

Personal finance expert Warren Ingram (Galileo Capital) on how to raise financially free children.

What is better - money in the bank or investing in shares?

What is better - money in the bank or investing in shares?

Personal finance expert Warren Ingram offers a definitive answer with an explanation ordinary people can understand.

How to retire while you’re still young(ish)

How to retire while you’re still young(ish)

If you do things differently, it’s possible stop working far earlier than you ever thought possible, says Warren Ingram.

[LISTEN] Steinhoff explained: 100 times more looted in Steinhoff saga than VBS

[LISTEN] Steinhoff explained: 100 times more looted in Steinhoff saga than VBS

Steinhoff’s Web of Deception: An Explainer with Financial Mail journalist Warren Thompson.