Eskom’s new board will review U-turn on McKinsey contract
This is in reaction to a Business Day report that noted Eskom reversed its earlier position that R1.6bn had been paid unlawfully to McKinsey and Gupta-linked Trillian
Eskom says its new board is now reviewing the 11th-hour decision by the power utility’s old board to declare the contract and R1bn payment made to global consultancy McKinsey as being above board. Eskom spokesperson Khulu Phasiwe made the announcement in reaction to a report in Business Day on Thursday, which noted that Eskom had reversed its earlier position that R1.6bn had been paid unlawfully to McKinsey and Gupta-linked Trillian. “The new Eskom Board is in the process of reviewing all the issues related to governance at Eskom, including the recent decision by the previous board to rescind/reverse its earlier position on the unlawful payments made to McKinsey,” Phasiwe said on Thursday. Business Day had reported that Eskom’s about-turn was communicated to McKinsey by former acting CEO Sean Maritz on January 16 — just four days before Deputy President Cyril Ramaphosa announced the new board, which also led to Maritz’s replacement by Phakamani Hadebe. Maritz’s correspondence shows ...
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