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] Teen shoved off bridge by pal into river

[WATCH] Teen shoved off bridge by pal into river

A Washington teenager was badly hurt when her friend pushed her off the bridge after she said she didn't want to jump.

I've always known what space I wanted to be in - Trevor Stuurman, visual artist

I've always known what space I wanted to be in - Trevor Stuurman, visual artist

#NightTalk host Gugu Mhlungu chats to entrepreneur & multimedia visual artist Trevor Stuurman about his accolades and inspiration

Africa State of Mind: ''They call me the real Makoya' - Femi Koya, musician

Africa State of Mind: ''They call me the real Makoya' - Femi Koya, musician

In this episode of Africa State of Mind, musician Femi Koya chats to Lee Kasumba about leaving Nigeria to come to South Africa.

I've always said that stories are the mothers of all disciplines - Gcina Mhlophe

I've always said that stories are the mothers of all disciplines - Gcina Mhlophe

Phemelo Motene chats to the mother of storytelling & a poet to the masses, Gcina Mhlophe about what it means to share your stories

This is how the Pebbles Project is protecting kids that live in the Winelands!

This is how the Pebbles Project is protecting kids that live in the Winelands!

Fundraising and Outreach Manager at the Pebbles Project, Charmaine Gola, chats about the work they do & their focus on the youth

The nutritional, environmental & socio-cultural benefits of indigenous foods

The nutritional, environmental & socio-cultural benefits of indigenous foods

'You need to look outside your traditional shopping centers to actually eat traditional food in the city' - Mpho Tshukudu, author

ProKid described as a true family man who loved his mom

ProKid described as a true family man who loved his mom

His brother Sandile Mkhize says he promised ProKid that he will continue where he left off.

'The Suzuki Dzire is the perfect day-to-day runaround car' - Jacob Moshokoa

'The Suzuki Dzire is the perfect day-to-day runaround car' - Jacob Moshokoa

In the car feature, automotive journalist Jacob Moshokoa chats about his experience driving around with the Suzuki Dzire.

[LISTEN] Codeine addiction and abuse

[LISTEN] Codeine addiction and abuse

Member of the SASOP, Dr Eugene Allers chats about the causes behind addiction to over the counter medication.

Phemelo responds after listener congratulates her for speaking wonderful English

Phemelo responds after listener congratulates her for speaking wonderful English

'To congratulate me, and to make it seem like this is an accolade is extremely offensive because of our history' - Phemelo Motene