[LISTEN] Eskom uncertain as to who instructed R500m payment to Trillian

Many questions have arisen following Eskom's admission that they paid Gupta-linked consultancy firm Trillian R500 million for work done. Interim board chairperson at Eskom, Zethembe Khoza says an inquiry has been set up to investigate this further.

Despite not having a contract with Trillian, Eskom was apparently instructed to pay the firm R500 million through global consultant firm McKinsey. Mckinsey denies telling Eskom to pay this money.

We had a contract with McKinsey and not Trillian. Trillian was sub-contracted to McKinsey and we were informed that McKinsey requested us to pay Trillian directly.

Zethembe Khoza, Interim Board Chairperson at Eskom

Khosa says the inquiry will clarify these issues and then they can be made public.

The R500 million payment to Trillian is not the only interaction that the Eskom board is uncertain of. On Wednesda, Eskom Chief Financial Officer Anoj Singh admitted that he signed a R1.6 billion guarantee by the company for Tegeta Resources to pay for the Optimum Mine.

I don't remember approving such a figure [R1.6 billion] for Tegeta.

Zethembe Khoza, Interim Board Chairperson at Eskom

Khoza says he needs time to look at this and establish the facts before action can be taken.

Take a listen to the full interview below:


Recommended

by NEWSROOM AI
Read More
Eskom's Johnny Dladla is honest - Mantshantsha

Eskom's Johnny Dladla is honest - Mantshantsha

While reporting on the state of the utility, Dladla admitted that Eskom paid Gupta-linked Trillian Group almost R500 million.

DA shadow minister Mazzone believes Eskom's finances are not in good shape

DA shadow minister Mazzone believes Eskom's finances are not in good shape

Natasha Mazzone, DA Shadow minister for public enterprises believes Eskom misled the public with its financial results.

Lynne Brown says she has noted claims of corruption around Eskom

Lynne Brown says she has noted claims of corruption around Eskom

The public enterprises minister was speaking at the Power-Gen Africa Conference in Johannesburg.

"Molefe showed no remorse"

"Molefe showed no remorse"

M&G's Pauli van Wyk says according to Eskom's leaked emails, Molefe started planning a cushy retirement at least a year earlier.

Eskom to pay bonuses despite reports financial woes

Eskom to pay bonuses despite reports financial woes

The Sunday Times reported Eskom is in the red and still wants to pay bonuses to axed CEO Brian Molefe and others.

Top technology firm SAP suspends SA execs, opens probe #Guptaleaks

Top technology firm SAP suspends SA execs, opens probe #Guptaleaks

The firm has put four senior managers in South Africa on leave over claims of ‘R100m kickbacks’ for Gupta company.

Popular articles
COVID-19 claims two more lives and positive cases now sit at 1,505

COVID-19 claims two more lives and positive cases now sit at 1,505

Health Minsiter Zweli Mkhize briefed the nation from the Khayelitsha Hospital in the Western Cape on Friday afternoon.

Premium spirits distributor pledges R2m to support bartenders and waiters

Premium spirits distributor pledges R2m to support bartenders and waiters

The initiative by Pernord Ricard South Africa will benefit at least 1,000 workers affected by the lockdown.

UJ makes use of 3D printing to make surgical face shields

UJ makes use of 3D printing to make surgical face shields

Library and Information Centre executive director professor Maria Frahm-Arp says the shield is reusable.

Construction company offers sanitisers and soaps to those in need

Construction company offers sanitisers and soaps to those in need

Hallfax CEO Femi Adeleke explains how the process of giving away the sanitisers work.

Lawyers for Human Rights want waste reclaimers to continue working

Lawyers for Human Rights want waste reclaimers to continue working

The organisation says it has sent a letter of demand to the City of Tshwane with no response.

Don't let FOMO get to you, join the baking club with these simple bread recipes

Don't let FOMO get to you, join the baking club with these simple bread recipes

Food critic Anna Trapido says baking can be quite soothing and people are looking for that.

[LISTEN] Here are some virtual travel suggestions for the lockdown

[LISTEN] Here are some virtual travel suggestions for the lockdown

Azania Mosaka speaks to travel correspondent Gabbi Brondani Rego on how you can still experience the world's best attractions.

Institute of Race Relations suggests lockdown amendments

Institute of Race Relations suggests lockdown amendments

IRR deputy head of research Hermann Pretorius has urged government to look at creative solutions to the COVID-19 lockdown.

Recovered from COVID-19:  DJ shares his experience of life during quarantine

Recovered from COVID-19: DJ shares his experience of life during quarantine

Lunga Nombewu says the first thing he did when he was cleared of the virus was to hug his children.

Nehawu takes state to court for not protecting health workers during COVID-19

Nehawu takes state to court for not protecting health workers during COVID-19

Department of Health deputy director-general Dr Yogan Pillay says there is a global shortage of personal protective equipment.