Incomplete and inaccurate information given to obtain go-ahead
A woman carries firewood on her head as she walks below Eskom's electricity pylons in Soweto. Picture: REUTERS/Siphiwe Sibeko
Eskom Holdings gave the SA Reserve Bank incomplete and inaccurate information about the loan, meaning it was unable to make a properly informed decision on whether to give it the go-ahead, Sincedile Shweni, a corporate specialist at the utility’s treasury department, said at the judicial commission of inquiry in Johannesburg on Monday. Had the correct information been supplied, the deal would have fallen through, he said.
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