Eskom board meets to discuss probes, sanctioning of executives

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Published Aug 30, 2017

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Cape Town - The Eskom board met on Tuesday, to deliberate on progress in various investigations and disciplinary processes, including discplinary processes against four senior executives, the power utility said.

"Eskom Board met today and deliberated on progress in regard to the various investigations and disciplinary processes underway. The “Technical Review” matter will attract a charge against the responsible individuals once the facts have been confirmed," Eskom said in a short statement.

"Disciplinary processes against four senior executives are continuing as the charges have been served to the individuals concerned."

Earlier on Tuesday, Public Enterprises Minister Lynne Brown gave Eskom a 48-hour deadline to heed her instruction to clarify its relationship with Trillian, her spokesman said.

"In June, Minister Brown requested Eskom's board to clarify issues relating to its Trillian relationship. Following further revelations of impropriety yesterday she has instructed the board to table its report in 48 hours," Colin Cruywagen said.

Eskom on Monday, admitted that it had lied about payments of more than R1.5 billion to Trillian Capital Holdings, a firm linked to the controversial Gupta family, and consultancy firm McKinsey.

The power utility claimed the payments were above board following the release of a damning report into Trillian by advocate Geoff Budlender.

It said fellow global management consultancy, Oliver Wyman, had concluded that the payments were "based on prudent costs incurred and value created".

But on Monday, Eskom was forced to concede that in fact Wyman had red-flagged the payments and recommended a legal review of the transactions.

Budlender was appointed by the former chairman of Trillian, Tokyo Sexwale, to investigate the company's role in state capture. In his report, which was released in June, he found that Eskom paid Trillian R266 million for services without contracts in 2016.

Eskom said it was correcting a "factual inaccuracy" following a complaint in this regard from Wyman.

Trillian is a financial services company in which Salim Essa, a close business associate of the Guptas, sold his controlling share in June as pressure over allegations of state capture mounted.

African News Agency

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