SIU to probe graft claims at Eskom, Transnet and Correctional Services
President Cyril Ramaphosa has ordered a Special Investigating Unit (SIU) probe into losses suffered at Eskom and Transnet arising out of allegations of corruption. The proclamation authorising the investigations was published in Friday’s government gazette, and said there was some prospect of the losses being recovered. The Eskom probe will, once again, put the spotlight on two former executives involved in the allegations: former head of generation Matshela Koko and former chief financial officer Anoj Singh. According to the proclamation on Eskom and Transnet, the issues to be investigated include the appointment of global consultancy firm McKinsey and using Gupta-linked companies Trillian and Regiment Capital to render services to the two state-owned companies (SOC). The SIU has been instructed to look into whether the contracts with McKinsey, Trillian and Regiment Capital were fair, equitable, transparent, competitive or cost-effective and in compliance with legislation and Treas...
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