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Treasury report troubles Eskom

Energy
Johannesburg  The board of Eskom has noted with great concern the release of the National Treasury report to various stakeholders prior to Eskom’s opportunity to provide comment.

The utility asserted that the minister of finance had made a commitment to afford Eskom an opportunity to provide comment on the investigation, in a letter dated January 31 2017.

But this did not materialise. Eskom sought to dispel certain sticking allegations. It vehemently denied the contention that Eskom and, in particular, its chairman and erstwhile group chief executive misled or lied to Parliament, noting that this allegation was not founded on the truth.

Eskom elaborated that the contract between Eskom and Tegeta was negotiated before the appointment of Brian Molefe and the current Eskom board.

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Therefore, neither Molefe, nor Ngubane were involved in the approval of this contract. Eskom indicated that it is not at liberty to make public any comment on the report. 

BUSINESS REPORT

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