Contractors paid R75 million to Eskom to secure contacts - Daily Maverick exposé

Contractors are paying Eskom executives millions to secure contracts at Kusile power station, according to the latest exposé by Daily Maverick.

According to investigative journalist Pieter Louis Myburgh, Kusile contractors Tenova Mining and Minerals, Esor Construction, Tubular Construction, and Stefanutti Stocks have paid R75 million to a slush fund used by top Eskom officials.

Refilwe Moloto speaks to Myburgh to get an in-depth understanding of his latest work.

There has been long-standing suspicions and reports around the contract at this collective R300 billion new built project at Medupi and Kusile.

Pieter Louis Myburgh, Investigative journalist - Daily Maverick

Myburgh says there are indications that money has been paid by some contractors to secure contracts at the power stations.

Our research shows that at Kusile specifically there was an apparent slush fund set up by one of the top contract managers called France Hlakudi.

Pieter Louis Myburgh, Investigative journalist - Daily Maverick

These top construction firms including Stefanutti Stocks, Tenova Mining and Minerals and a collection of other companies who together held about R20 billion in Kusile contracts, seemingly had no qualms to deposit some very questionable payment amounting to R75 million into a slush fund.

Pieter Louis Myburgh, Investigative journalist - Daily Maverick

Daily Maverick's research also showed that the slush fund was used for paying houses and cars among other things.

In this instance, Hlakudi who is the beneficiary of this payment worked directly with these contractors when it came to negotiating or sorting out outstanding claims or disputed claims.

Pieter Louis Myburgh, Investigative journalist - Daily Maverick

Myburgh says he hopes the Hawks will move quickly on this case.

The Hawks and the SIU do have possession of the documents that I based this report on.

Pieter Louis Myburgh, Investigative journalist - Daily Maverick

Listen to the full interview below...


This article first appeared on CapeTalk : Contractors paid R75 million to Eskom to secure contacts - Daily Maverick exposé


Recommended

by NEWSROOM AI
Read More
'Davos is depressing. SA is barely here! We used to have a dominant position'

'Davos is depressing. SA is barely here! We used to have a dominant position'

South Africa is at risk of becoming irrelevant, warns The Money Show’s Bruce Whitfield from the World Economic Forum in Davos.

Australian bushfires are a climate catastrophe, warns Sydney professor

Australian bushfires are a climate catastrophe, warns Sydney professor

As bushfires continue to rage across Australia, a professor at the University of Sydney has called on the government to act.

Booze-free pop-up bar shaking things up for the sober curious

Booze-free pop-up bar shaking things up for the sober curious

The global movement towards moderate and mindful drinking has spawned a growing market of alcohol-free drinks - and now, a bar.

Kanya Cekeshe will have to comply with conditions set out by parole board - dept

Kanya Cekeshe will have to comply with conditions set out by parole board - dept

Freed student activist became eligible for parole after his sentence was reduced by 12 months, explains the Justice Department.

'If De Ruyter can stop Eskom unbundling, we will find a way to work with him'

'If De Ruyter can stop Eskom unbundling, we will find a way to work with him'

Trade union NUM says it rejects the appointment of Andre de Ruyter as Eskom CEO but is willing to work with him conditionally.

Former Eskom CFO Anoj Singh a no-show at Saica disciplinary hearing

Former Eskom CFO Anoj Singh a no-show at Saica disciplinary hearing

Singh faces 18 charges of misconduct at SOE's Eskom and Transnet. EWN's Theto Mahlakoana reports from the Saica hearing.

Popular articles
When insurance claims go wrong

When insurance claims go wrong

Be mindful of what you're disclosing at the time you take out a policy.

'Scrubbing' the atmosphere and other high-tech climate friendly innovations

'Scrubbing' the atmosphere and other high-tech climate friendly innovations

Data ssystems use a great deal of energy and tech providers must start reducing emissions.

How is 'steely' Pravin Gordhan coping under pressure from detractors?

How is 'steely' Pravin Gordhan coping under pressure from detractors?

Pravin Gordhan, the minister of public enterprises, wants to be left alone to do his job.

Naspers plans to sell shares in Prosus - will it decrease the Tencent gap?

Naspers plans to sell shares in Prosus - will it decrease the Tencent gap?

Naspers plans to sell about 22 million shares in Prosus - will it decrease the Tencent gap?

Davos 2020:  How well did Team South Africa pitch today?

Davos 2020: How well did Team South Africa pitch today?

Day two of Davos, where business heavyweights are attending the annual meeting of the World Economic Forum.

Callers detail how Northview High School learner died at Nyathi lodge in 1999

Callers detail how Northview High School learner died at Nyathi lodge in 1999

Lesego and Boitumelo detail in graphic detail how their schoolmate Portia died at the lodge while on a school trip.

Telkom meets unions over mass retrenchments

Telkom meets unions over mass retrenchments

Solidarity strategic specialist Morné Malan says the process is still continuing and very little progress has been made.

Two primary school pupils dead after truck crashes into wall

Two primary school pupils dead after truck crashes into wall

Officials said that a truck delivering food items at the school crashed into the wall.

Eskom appoints critic Sikonathi Mantshantsha as new spokesperson

Eskom appoints critic Sikonathi Mantshantsha as new spokesperson

Mantshantsha replaced Khulu Phasiwe who resigned in April last year from the embattled power utility.

Western Cape top judge accuses her boss John Hlope of assault, misconduct

Western Cape top judge accuses her boss John Hlope of assault, misconduct

EWN reporter Jason Felix gives insight on what this public spat between the two officials is all about.