Cosatu has once again called for the removal and investigation of the Eskom board, for alleged corruption and wasteful expenditure. The labour federation says the cash crisis at Eskom, as reported by the Sunday Times at the weekend, and "other shenanigans" at the power utility "make a mockery" of the ANC’s commitment that it would ensure state-owned entities (SOEs) were powerful instruments of economic transformation. In a statement issued on Tuesday, Cosatu spokesperson Sizwe Pamla said it also wanted answers regarding the findings made by audit firm KPMG, which showed that Eskom paid an inflated advance amounting to R600m to Chinese firm Dongfang, to provide a new boiler at Duvha power station in Mpumalanga.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now