ABB to pay R1.56bn to Eskom, with Pravin Gordhan wanting the SIU to go after others
The settlement is in relation to an unlawfully awarded contract, with Eskom’s CEO saying the money will go towards paying down debt
11 December 2020 - 15:06
UPDATED 11 December 2020 - 16:54
Swiss-Swedish multinational ABB will pay back R1.56bn to power utility Eskom in relation to an overpayment of a contract that was unlawfully awarded for corrupt means at the troubled Kusile power station.
Eskom chair Malegapuru Makgoba announced on Friday that, after a lengthy investigation and negotiation, the parastatal and the Special Investigating Unit (SIU), reached an agreement with ABB. ..
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Commenting is subject to our house rules.
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 articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now