Eskom deadline to explain Trillian relationship to minister almost up

Eskom has until the end of business on Thursday to hand over a report to Public Enterprises Minister Lynne Brown to explain its relationship with Gupta-linked Trillian.

Eskom had claimed that payments of R1.6 billion to Trillian and consultancy firm McKinsey were above board but then told the Business Day that a New York based firm had, in fact, red flagged these transactions and recommended a legal review of the contracting process.

READ: Thursday is D-Day for Eskom board to provide Lynne Brown with Trillion answers

Eusebius McKaiser spoke to Sikhonathi Mantshansha, Deputy Editor at Financial Mail.

The Organisation Undoing Tax Abuse (Outa) has laid charges of corruption and financial misconduct against the parastatal's suspended Chief Financial Officer, Anoj Singh.

Mantshansha says the prospects of an arrest and prosecution are unlikely.

If you are asking the Hawks to arrest and prosecute Anoj Singh, your are basically asking for too much.... in fact in this case and others, there is not much to investigate. There is all the evidence right in front of him. It just needs a prosecutor to bring him before a court, say these are your charges and this is what you have done, please tell us if you are not guilty.

Sikhonathi Mantshansha,Deputy Editor at Financial Mail

Eskom's legal department head, Suzanne Daniels admitted on Monday that the power utility had lied about receiving the all clear from global consultancy Oliver Wyman over payments to the Gupta-linked Trillian firm.

ALSO READ: Eskom admits lying about Trillian and McKinsey payments

Mantshantsa explains.

After it became clear that Eskom] could not sustain the lie that they had not been paying a cent to Trillian, the chief financial officer's office went to international management consulting firm Oliver Wyman, says Mantshantsha.

Oliver Wyman took one look at it and said you actually have no contract with these guys, there is no legal basis upon which you are paying them please stop and report this to the authorities.

Sikhonathi Mantshansha,Deputy Editor at Financial Mail

Click on the link below to listen to the full audio...

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
No surprise that Nzimande shown the door in Cabinet reshuffle - analyst

No surprise that Nzimande shown the door in Cabinet reshuffle - analyst

Political analyst Karima Brown says SACP members who remain in Cabinet are "at the mercy" of Zuma and will have to strategise.

How we invented the modern concept of sleep

How we invented the modern concept of sleep

Dr Bodhisattva Kar reveals how industrial capitalism influenced the world's current sleep patterns.

Minister Lynn Brown claims no knowledge Eskom lied about Trillian

Minister Lynn Brown claims no knowledge Eskom lied about Trillian

It emerged on Monday that Eskom lied when it said that the more than R1 billion it paid to Trillon was above board.

Thursday is D-Day for Eskom board to provide Lynne Brown with Trillion answers

Thursday is D-Day for Eskom board to provide Lynne Brown with Trillion answers

Eskom admits to lying that consulting firm Oliver Wyman found payments of R1.6 billion to Trillian and McKinsey were legit.

Eskom admits lying about Trillian and McKinsey payments

Eskom admits lying about Trillian and McKinsey payments

Business Day reports that Eskom said in June that a New York-based firm found the payments of R1.6 billion to be above board.

 Eskom probe recommends fraud and money laundering charges against Trillian

Eskom probe recommends fraud and money laundering charges against Trillian

Sikhonathi Mantshantsha, Financial Mail deputy editor and Khulu Phasiwe, Eskom Spokesperson breaks down Eskom probe.

Popular articles
Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Gospel singer Sipho Makhabane explains how Sfiso Ncwane died

Gospel singer Sipho Makhabane explains how Sfiso Ncwane died

Makhabane says Ncwane was feeling weak yesterday and his wife phoned paramedics to check on him.

14 job titles that callers can't take seriously

14 job titles that callers can't take seriously

People do some very interesting things for a living, but some job titles are given more credit than others.

Pamela Nomvete on her downfalls as actress, and 'climbing back'

Pamela Nomvete on her downfalls as actress, and 'climbing back'

This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?