One of Eskom’s fuel oil suppliers implicated in the criminal cartel fleecing the parastatal has blasted former CEO André de Ruyter over claims made in his memoir.👀 Read more on TheCitizenNews ⤵️
Cash-strapped Eskom raises its fuel oil budget
Eskom had, at the time, entered into an agreement with Econ Oil to supply fuel oil to the value of R9 billion over the five-year period – half of the proposed total fuel oil budget of R18 billion. The former CEO believed Eskom should have been buying directly from refineries, such as Total, Engen and Sasol, to save on costs.
“We believe we’re being unjustly targeted by a system opposed to the success of a black-woman-owned energy company in a predominantly white industry,” says Mlonzi.According to investigations by Bowman’s, which is described as a ‘leading African law firm’, the company investigated Econ Oil and found links between the supplier and a key Eskom employee. But the report was never finalised or presented to the board because Eskom decided to halt the investigation in 2019.
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.
De Ruyter’s claims in his book 'Truth to Power' must be tested | The CitizenTheCitizenNews📰 Opinion🗣️De Ruyter's book📖: It's not a book, but rather a compilation of a comprehensive and chronological set of events that took place while he was at the helm at Eskom.💡loadshedding Click here➡️
Read more »
WATCH: The Citizen sneaks onto GR Cup podium on dramatic day | The CitizenIt was a crazy day of racing the GR86 in Round 3 of National Extreme Series in the Toyota SA GR Cup 2023 last weekend at Zwartkops Raceway.🏎️ MotoringSport TheCitizenSport
Read more »
Nigeria commissions Dangote refinery, seeks to end fuel importsNigeria commissioned Dangote Refinery on Monday amid hopes of transforming the country into a net exporter of petroleum products, but analysts said securing crude supplies could affect it achieving full production this year.
Read more »
New investments fuel TymeBank’s SA operations.tymegloba scores two new international investments to fuel tymebankza’s growth. DigitalBanking TymeBank ITinBanking
Read more »
We need a judgment call | The CitizenTheCitizenNews📰Opinion🗣️ If we got our leaders to put their promises somewhere public and give a criterion on how to judge them on it📝, we could have a far better scorecard than that offered by the media or opposition. brokenpromises Click here➡️
Read more »
ANC Vhembe region promises Cyril victory in 2024 polls | The CitizenThe ANC in Vhembe, Limpopo, promised President CyrilRamaphosa a decisive ✌️victory at the 🗳️2024 general elections. Ramaphosa grew up in🏘️ Khalavha village and attended 🏫Mphaphuli Secondary School in Sibasa, outside Thohoyandou. Full story here➡️
Read more »