Former Eskom interim CEO Sean Maritz under fire for signing off R400 mil payment

Former Eskom interim CEO Sean Maritz is under fire for his role in signing off a R400 million payment to a Hong Kong bank account. MD of EE Publishers Chris Yelland provides insight into the deal that took place and what it entailed.

Yelland says that the deal is murky and adds that he hasn’t received a direct response from Eskom, who claims that it is investigating the deal.

He adds that the story, first reported by Business Day, noted this little-known company was wanting to charge Eskom a 'facility' fee for assisting the company to raise several billion rands finances to fund Eskom subsidised from a Chinese funder.

Apparently after the finance deal was concluded, out of the blue popped a new company that claimed a facility fee for helping to arrange this.

Chris Yelland, MD of EE Publishers

Yelland says the legal team at Eskom claims it is completely unaware of the company, or what arrangements were made.

He has a copy of the contract that was signed off by Former Eskom interim CEO Sean Maritz.

Documents have come to light which show that the facility fee contract was entered into by Anoj Singh and signed off by the acting CEO Sean Maritz some time later.

Chris Yelland, MD of EE Publishers

It’s signed by the acting CEO but the payment has been blocked because it is considered and deemed to be irregular and against the advice of Eskom’s internal and external legal advisers.

Chris Yelland, MD of EE Publishers

Click on the link below to hear more about the report...


Recommended

by NEWSROOM AI

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
Anoj Singh - we've got evidence - is telling lie after lie, says amaBhungane

Anoj Singh - we've got evidence - is telling lie after lie, says amaBhungane

Bruce Whitfield interviews EWN’s Lindsay Dentlinger and journalist Craig McKune (amaBhungane Centre for Investigative Journalism).

Anoj Singh resigns ahead of Eskom inquiry appearance

Anoj Singh resigns ahead of Eskom inquiry appearance

Eskom spokesperson Khulu Phasiwe talks on the resignation of Eskom CFO Anoj Singh.

[BREAKING NEWS] Anoj Singh resigns as Eskom CFO

[BREAKING NEWS] Anoj Singh resigns as Eskom CFO

Eskom spokesperson Khulu Phasiwe confirmed that Anoj Singh resigned as Eskom Chief Financial Officer (CFO).

Eskom gets new board that is 'as good as you can ever hope for'

Eskom gets new board that is 'as good as you can ever hope for'

The Ramaphosa-era has started with a bang at the dysfunctional Eskom. Bruce Whitfield interviews Intellidex’s Stuart Theobald.

Suspended Eskom CFO Anoj Singh to appear at inquiry

Suspended Eskom CFO Anoj Singh to appear at inquiry

Natasha Mazzone member of the Portfolio Committee on Public Enterprises says Singh is confirmed to appear at Eskom inquiry tomorrow.

Eskom appoints Johnny Dladla as acting CEO

Eskom appoints Johnny Dladla as acting CEO

Eskom board believe that Dladla’s experience and expertise will stabilise the parastatal the short-term.

Popular articles
[WATCH] Kettle VS Cattle for lobola

[WATCH] Kettle VS Cattle for lobola

Khabazela shares the Facebook , Twitter, and YouTube videos that have social media in a frenzy on What's gone Viral.

Radio powerhouse joins 702

Radio powerhouse joins 702

Richard Nwamba will host a new African music show between 16h00 and 18h00 every Saturday.

Why the PAC wants South Africa renamed Azania

Why the PAC wants South Africa renamed Azania

Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.

Is the lovable Winnie The Pooh a boy or girl?

Is the lovable Winnie The Pooh a boy or girl?

A trending Twitter debate has left social media users arguing over whether Winnie the Pooh is a girl or boy.

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.

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?