Eskom, which supplies virtually all SA’s power, is hamstrung by staggering debt, maintenance issues and design flaws at Medupi and Kusile. Ratings agencies haveThe Hawks and NPA said their investigation revealed that there was “
apparent gross manipulation of contractual agreements” between contractors, Eskom employees and third parties at the Kusile power station. “In-depth investigations pointed to the fact that the contract was manipulated in a number of ways including, among others, manipulation of the Eskom's procurement system by officials who occupied senior management positions, de-scoping of the contract at Kusile without justification and with conflict of interest by Eskom employees,” they said.
The Hawks and NPA said in June 2015 that Eskom's Kusile project management team submitted a request to the power utility's procurement committee for a mandate to negotiate and conclude a contract with one of the companies. The contract was approved for R745m to build two air-cooled condensers units at Kusile power station. It is alleged that from February 2015 to July 2017, the appointed companies, other related entities and individuals shared approximately R30m among themselves, they said.
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BREAKING NEWS: Former Eskom executives to appear in court on corruption chargeseNCA reported on Thursday morning that the arrests were in relation to fraud and corruption amounting to R745m How many? NO BAIL for them please!! Good
Source: BDliveSA - 🏆 12. / 63 Read more »
BREAKING NEWS: Former Eskom executives to appear in court on corruption chargeseNCA reported on Thursday morning that the arrests were in relation to fraud and corruption amounting to R745m
Source: BDliveSA - 🏆 12. / 63 Read more »
BREAKING NEWS: Former Eskom executives to appear in court on corruption chargeseNCA reported on Thursday morning that the arrests were in relation to fraud and corruption amounting to R745m It's bad Names This is just part of “cancelling everyone’s leave” so they’re available to fix problems! 🤣🤣🤣🤣🤣🤣
Source: BDliveSA - 🏆 12. / 63 Read more »