Judge Raymond Zondo has put the total cost of contracts at Eskom that have been impacted by State Capture to R14.7bn. Most of this amount has benefitted entities that are linked to members of the Gupta family including Tegeta Exploration and Resources.
was officially appointed as the Eskom CEO in 2015, following a stint as the CEO of Transnet, a state-owned rail and freight company. Molefe’s appointment at Eskom, approved by former president Jacob Zuma, was aimed at helping the power utility deal with the problem of load shedding.
The executives faced an investigation relating to the poor performance of Eskom’s generation plants, delays in bringing the new generation plant on stream, and the power utility’s cash flow challenges. But the State Capture report found the suspensions of the four Eskom executives were organised by the Guptas, “their associates” and former president Zuma.
“The aim of the suspension of the executives was, except with regard to one executive, namely Mr Koko, to remove persons who occupied certain strategic positions at Eskom who the Guptas did not think would co-operate with them in their agenda to capture Eskom,” the report said.In the latest instalment of the State Capture report, Zuma is mentioned about 150 times in the two specific volumes on Eskom. The report found that Z— something that Zondo has described as “unlawful”.
Former Transnet acting chief financial officer Anoj Singh. | Atul Gupta. | Former Eskom CEO Brian Molefe.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Zondo confirms Zuma's 'character' allowed Guptas to use him to capture EskomZondo recommends legal action against the 2014 Eskom board, to recover losses as a result of their decisions they took.
Read more »
Part 4 of Zondo report itemises explosive revelations into state captureBy the end of that financial year, no houses had been built for the poor. The Zondo commission concluded that Mosebenzi Zwane “failed dismally to provide proper leadership” in the FSDHS in 2010. Moneyweb StateCapture ZondoCommission
Read more »
‘Serious challenges’ with state capture report drafts led to delay, says ZondoThe chief justice’s application for a six-week extension will be heard by the high court on Thursday
Read more »
Zondo granted extension to deliver final instalment of state capture reportZondo had approached the court earlier this month for the extension of the deadline, citing difficulty in completing the report.
Read more »
High court gives Zondo six more weeks to finalise ultimate state capture reportChief justice and inquiry chair Raymond Zondo’s bid was unopposed by respondents, including the president, several political parties and Casac
Read more »