Eskom service provider blames its former CEO for cancellation of contract
Papers filed in the South Gauteng High Court reveal the breakdown in relationship between Salt Employee Benefits and its former CEO but do not reveal why he left the company in 2013 SALT Employee Benefits — one of the financial service providers suing Eskom for more than R600m — has blamed its former CEO Donovan Walker for the power utility’s "unlawful" cancellation of its contract to provide financial services to its employees.Papers filed in the South Gauteng High Court reveal the breakdown in relationship between Salt Employee Benefits and its former CEO but do not reveal why he left the company in 2013. No court date has yet been set.In additional papers filed with the court Salt Employee Benefits CEO Eddie Strydom accused Mr Walker of lying to Salt’s board and stealing more than R3m from the company.However, Mr Walker has in court papers claimed that the arrangement between Eskom, Salt Employee Benefits and African Unity Insurance was fraudulent, and amounted to excessive profi...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.