Eskom’s executives are trying to find whistleblowers within the company.
Eskom is working on an investigation into whistleblowers of an irregularly awarded R500 million security, which Eskom insiders say is an attempt to shift blame from executives who awarded the contract.
In July last year, Eskom’s head of security Karen Pillay – with support from then CEO Andre de Ruyter and COO Jan Oberholzer – gave the massive contract to Fidelity following a private investigation into corruption at Eskom. There have also been concerns over a request from Pillay to then CFO and now acting CEO Calib Cassim to deviate from the company’s payment policy by fast-tracking invoices to Fidelity amounting to over R250 million.
Pillay argued that the financial burden on Fidelity to provide resources and equipment at short notice required Eskom to outlay large amounts of funds that were sourced from a short-term loan agreement.
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.
Eskom targets whistleblowers of the R500 million security contractPower utility launches probe into those who exposed the R500 million emergency security contract.
Read more »
Electricity purchased from IPPs will be cheaper than EskomThe four IPPs will supply power from various sources, including waste to energy, gas to power, and photovoltaic solar generation.
Read more »
South Africa’s biggest cities are in deep trouble with EskomEskom says that municipal debt is a massive – and growing – issue for the company, and major metros are becoming a huge part of the problem.
Read more »
Consumers shouldn't pay for Eskom's 'inefficiency', says energy-intensive users' lobbyEskom is seeking to recover R23.9 billion through tariffs, but the Energy Intensive Users Group, of which Sasol and mines like Anglo American and Sibanye Stillwater are part, say the power utility should not be granted more than R1.1 billion.
Read more »
Eskom moots taking non-paying municipalities’ distribution licensesUtility says that this will encourage defaulting municipalities to cough up
Read more »