Scopa hears how Eskom is hunting down looted billions

South Africa News News

Scopa hears how Eskom is hunting down looted billions
South Africa Latest News,South Africa Headlines
  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 59%

Eskom has told parliament that it expects to get only R1,26bn from the claim it submitted against the business rescue practitioners of Tegeta for contractual penalties owed to the power utility

Dan Mashigo told parliament's public accounts watchdog Scopa on Thursday evening, that due to Tegeta having other creditors, Eskom bosses have been informed they were only likely to recover R1,26bn when the process of winding up the business is completed.

He said there were already penalty claims before the companies were placed in business rescue which related both to quality and supply.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TimesLIVE /  🏆 28. in ZA

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.

LIVESTREAM: Scopa hears from SA Express liquidatorsLIVESTREAM: Scopa hears from SA Express liquidatorsScopa is being briefed by the Deputy Minister of Public Enterprises and the SA Express liquidators on the process of liquidation at the airline.
Read more »

Scopa guns for former CEOs, directors of bankrupt SA ExpressParliament's standing committee on public accounts says it will be seeking answers from the previous boards and CEOs of SA Express over the collapse of the government owned regional carrier
Read more »

Scopa schedules hearings with former boards of SOEsQuestions were raised about the role played by the former boards of directors in ensuring proper governance and effective consequence management at state-owned companies.
Read more »

Scopa guns for former CEOs, directors of bankrupt SA ExpressParliament's standing committee on public accounts says it will be seeking answers from the previous boards and CEOs of SA Express over the collapse of the government owned regional carrier
Read more »

Power Supply: Eskom guards killed as utility takes action on illegal connectionsPower Supply: Eskom guards killed as utility takes action on illegal connectionsTwo guards have been shot dead while protecting Eskom engineers who were working on restoring power to Philippi East.
Read more »

LIVESTREAM: Scopa hears from SA Express liquidatorsLIVESTREAM: Scopa hears from SA Express liquidatorsScopa is being briefed by the Deputy Minister of Public Enterprises and the SA Express liquidators on the process of liquidation at the airline.
Read more »



Render Time: 2025-02-28 18:32:16