Eskom to assist in recovering money lost to corrupt contracts - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Eskom to assist in recovering money lost to corrupt contracts

22.2.2020

Eskom to assist in recovering money lost to corrupt contracts

Eskom says it will assist in attempts to ensure that the funds lost to corrupt contracts are recovered.

The power utility was responding to a court order that set aside a R3.7 billion coal contract with the formerly Gupta-owned mining group Tegeta Exploration & Resources. Eskom says the termination of the contract will not affect the supply of coal at its Majuba Power Station. The Special Investigations Unit (SIU) secured a High Court order to cancel the 2015 contract to supply coal to the Majuba Power Station for 10 years. The court order also granted the SIU leave to institute legal proceedings against Tegeta. Eskom’s spokesperson Sikonathi Mantshantsha, “We will comply with the court order and we will assist the courts and law enforcement agencies to deal with state capture and its consequences. So we welcome this court judgment and we assure the people of SA that Eskom will continue with its services.” SIU spokesperson Kaizer Kganyago says the reason they went to the courts to get the contract between Tegeta and Eskom cancelled was due to the fact that proper procurement procedures were not followed. In the video below, Kganyago gives details of the court order and the way forward regarding recouping money from Tegeta: Meanwhile, the Justice and Correctional Services Ministry says it expects the SIU to institute legal proceedings against the formerly Gupta-owned mining group Tegeta Exploration & Resources. The ministry’s spokesperson Chrispin Phiri, “We think this is an important step in the right direction to ensure that those who are part of maladministration are held accountable but most importantly that money is recovered because this has affected service delivery. Money that should have been used for service delivery ended up funding nefarious activities.” This entry was posted on 21 Feb 2020,09:14PM at 9:14 PM and is filed under Read more: SABC News Online

Aaah. These ones also. 🙄🙄 Cosatu will throw tantrums!

Eskom war room finally meets for the first time | IOL NewsDeputy president David Mabuza, who heads the Eskom task team, said it urgently had to deal with the impact loadshedding had on ordinary South Africans. Funny man in charge. Enough of corrupt clowns 🤡 Im still saying keep loadshedding for 2 years ppl will adapt businesses will adapt as long as its according to schedule but fix the problems properly . This on off loadshedding is more damadgeing to economy than that will be problem of DD is that he want to become President so his presence cast doubts

Eskom pension bailout is 'terrible madness' - Cape Chamber of Commerce | IOL News'It would be tantamount to a father raiding his child’s college fund to pay his gambling debts, or cashing in his pension to do the same. Yet, that is what Cosatu has suggested.' Because cosatu bosses all have contracts with the Eskom, they chowing. Lol, there's nothing wrong with Eskom, they just want to privatise it.

Ramaphosa reiterates government's commitment to stabilise Eskom - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Since feb 2018 that has been a song, instead more loadshedding

Eskom extends power cuts to SundayThe power utility says more units have broken down, and load shedding will continue until Sunday morning Plse let there be power for the WildervsFury2 fight 🙏

Tegeta R3,7b deal with Eskom set aside, declared unlawfulAn SIU investigation into the allegations of maladministration at Eskom was ordered in 2018. ChiefLuto hlalutya tshomam. Yes yes yes PresJGZuma shame on you sis!! While at it they must set aside those apartheid contracts. Who the hell decided it was a good idea to give a 40 year contract?!

R3.7bn Eskom contract with Gupta mine Tegeta set aside: SIU claims huge winThe North Gauteng High Court has set aside a controversial R3.7-billion coal supply contract between Tegeta and Eskom, the justice department said on Friday. It's long overdue. That mine was bought using Eskom's guarantee, technically speaking it belongs to Eskom, i think government should expropriate Tegeta Mine and supply eskom with coal. Guarantee + prepayment Does this mean Tegeta will have to pay back the money to Eskom?



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