Treasury stands by Tegeta report
Officials want audit into deal to see if there was negligence, criminal intent and to ensure good governance
Eskom has asked for an extension to submit documents in the Treasury review of the power utility’s coal-supply contracts with the Gupta-owned Tegeta Resources and Exploration. The state-owned power producer also wants to have a technical meeting with the Treasury to explain itself. In the absence of this, acting chief procurement officer Schalk Human stands by the Treasury’s draft report and its recommended remedial action, he told Business Day. The main remedial actions recommended are that interest be calculated on the R659m prepayment Eskom made to Tegeta and that a full-scale forensic audit be conducted. The interest calculated would be recoverable from either Tegeta or the relevant Eskom employees. In addition to the acting Eskom CEO and Tegeta, the report was submitted to the public protector, the auditor-general, the standing committee on public accounts and the standing committee on appropriations, Human said. The Treasury’s review of Eskom’s coal supply contracts is also du...
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