SIU closes in on Eskom’s ‘irregular’ payments to 13 companies
The Special Investigating Unit is working closely with the power utility to determine how much of the R75bn paid to these firms was irregular
The Special Investigating Unit (SIU) and Eskom are probing 13 companies which received R75bn in expenditure from the power utility, to determine what amount was spent irregularly and could be recovered. "We think they have to pay us back the money," Eskom CEO Phakamani Hadebe said on Sunday. He would not disclose all the names of these 13 companies during an interview with eNCA show host Karima Brown on The Fix, but said they did include Trillian Capital Partners, from which Eskom is trying to recover R600m through legal action. Global consultancy McKinsey has paid back about R1bn to Eskom, which argued that the money was spent irregularly. Hadebe stressed that the entire R75bn was not being targeted for recovery as some of it could have been spent on delivering contracted services. Eight of the 13 companies were involved in the construction of the two new power stations — Medupi and Kusile — that Eskom is building. This new build programme has been plagued by long delays, design f...
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