Eskom says it is reviewing 5 000 contracts signed over the last few years and is in the preliminary stage of investigations into the misconduct of its officials, as part of it's clean up operations.
The utility says it is investigating 239 cases.
Members of the board, as well as some of the top executive, outlined the utility's annual performance and turnaround plan on Wednesday.
Karima Brown spoke to the utility's spokesperson Khulu Phasiwe to find out more.
Because we have a new board and new interim CEO, the plan in generally is that we want to start afresh as a company so that we clean Eskom.— Khulu Phasiwe, Eskom spokesperson
In total we are looking into over 5 000 contracts that Eskom has signed, in addition we have internal whistelblowing mechanisms. This 239 reports that were mentioned are essentially whistleblowing by our own employees. At this stage we are still at preliminary stages of investigations. If there is any wrong doing, steps will be taken against them.— Khulu Phasiwe, Eskom spokesperson
Phasiwe says the company has raised R 43 billion since it's clean up process.
As a company we have had our fingers burnt before, in January this year we were battling to raise money because the market did not trust us because of allegations that were swelling around us. Now that the market is beginning to trust us, we have raised R 43 billion. We don't want to lose that, we want to keep the momentum and I am sure these investigations will help us regain the trust.— Khulu Phasiwe, Eskom spokesperson
Click on the link below to listen to hear more from Phasiwe...