Explosive revelations about the influence of the Guptas on the procurement at Eskom came to light during the inquiry by Parliament’s public enterprises committee into the capture of state-owned enterprises (SOEs) on Wednesday. It emerged that: • Interim CEO Collin Matjila, who was at the helm of Eskom for about six months in 2015, insisted on personally signing a R43m deal with New Age Newspapers for the holding of business breakfast events, when the financial director refused to do so. • Matjila also unsuccessfully tried to get a contract with Gupta-aligned Regiments Capital for it to assist in developing financial sustainability plans for Eskom. Regiments Capital claimed it could save Eskom R10bn through the monetisation of its coal contracts for which it wanted a fee of about R500m. • Gupta associate Salim Essa informed a senior Eskom employee, Suzanne Daniels, two days before it happened, in March 2015, that four Eskom executives would be suspended. • The Eskom Pension and Provi...
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.