Eskom to cancel contract after probe
Investigation finds Econ Oil & Energy had inflated fees in R14bn contract
Eskom plans to cancel a contract to buy as much as R14bn ($834m) of fuel oil from Econ Oil & Energy, after a probe it commissioned found Econ’s fees had been inflated, a person familiar with the situation said.
Nothemba Mlonzi, a director at Econ Oil, declined to comment because she said the matter is a legal dispute, without elaborating whether any legal proceeding has been filed. The company is a black women-owned business that supplies fuel oil to clients in a number of industries, according to its website...