Public Enterprises Minister Lynne Brown has given the Eskom board 48 hours to give her an explanation of payments to Trillian Capital Partners.
The parastatal admits to lying that consulting firm Oliver Wyman found payments of R1.6 billion to Trillian and McKinsey were above board.
Gia Nicolaides, EWN reporter has been covering the story.
She says the board's spokesperson promised to give reporters a detailed plan of action based on the latest revelations.
Eskom released a short statement later that evening saying the responsible individuals will be charged once the facts have been confirmed.
We just got that short statement but that doesn't give us any insight into who is responsible.— Gia Nicolaides, EWN reporter
Nicolaides goes on to say that it appears the misinformation may have come from the office of Eskom's suspended Chief Financial Officer, Anoj Singh.
He appears to be at the centre of these transactions that were approved not just the payments made to Trillian and McKinsey but also the pre-payments to Gupta linked Tegeta which took over the Optimum coal mine, explains Nicolaides.
It's unclear what action will be taken because we've seen people being suspended. We saw how they tried to keep Brian Molefe until an interministerial committee which found his contract couldn't be renewed and he had to vacate his position as CEO.— Gia Nicolaides, EWN reporter
We've had the acting CEO also find himself in troubled water. We don't seem to don't have any internal action from Eskom for heads to roll and accountability to take place.— Gia Nicolaides, EWN reporter
Listen to the EWN report here: