Sebetja Matsaung, the lawyer leading evidence at the disciplinary hearing of Matshela Koko, owns shares in a firm Eskom had planned to do business with. Business Day has established that FBC and Associates is the lead contractor of a joint venture to which Eskom had planned to award a five-year contract in 2016, potentially worth R500m. Matsaung later became a 20% FBC shareholder and director. A copy of the award letter obtained by Business Day lists Koko as the person who would sign it on Eskom’s behalf. The letter said the joint venture would be awarded a five-year contract starting on July 1 2016 to supply scaffolding and insulation cladding to Eskom’s Grootvlei and Komati power stations in Mpumalanga. Matsaung’s company owns 51% of the joint venture, with the remaining stake owned by Johannesburg Scaffolding and Nova Plant Services. If you are already a subscriber, please click on the following link below to go to the full article: Koko evidence leader had Eskom business ties If...
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