State Capture Inquiry: Anoj Singh details his part in McKinsey contract

  • 📰 IOL
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 51%

South Africa Headlines News

Anoj Singh brought an eight-page affidavit with ’voluminous’ annexures to supplement his testimony. StateCaptureInquiry ZondoCommission

Johannesburg - Former Eskom chief financial officer Anoj Singh returned to the Commission of Inquiry into State Capture on Monday to detail his involvement with management consulting firm McKinsey and Company.

The inquiry previously heard that Trillian was paid R30.6 million in April 2016 for the work it did on Eskom’s corporate plan, even though the contract was only signed the following month. During his testimony, Singh referred to a letter from McKinsey addressed to Krish Govender at Eskom in September 2015, referring to a professional services contract and provision of consulting services between Eskom and McKinsey.

When questioned whether or not these conditions were followed before payment was made, Singh agreed that he had no personal knowledge as to whether or not these conditions were complied with. At that time, Singh passed the buck to the finance or procurement team to answer as to how and why payment was processed in the manner it was, but Judge Zondo pointed out that Singh was in charge of the finance team.

Under Singh’s watch, Eskom made payments totalling about R600m to Trillian. These payments were based on Trillian’s claim that it was a subcontractor for McKinsey, as there was no contract entitling Trillian to any payment from Eskom.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 46. 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.

WATCH LIVE | Former Eskom CFO Anoj Singh back on the stand at state capture inquiryThe commission of inquiry into state capture will continue to hear evidence on Tuesday from former Eskom CFO Anoj Singh. No protection for a virus with a mask.
Source: TimesLIVE - 🏆 28. / 59 Read more »

WATCH LIVE | Former Eskom CFO Anoj Singh returns to state capture inquiryThe commission is to hear Eskom-related evidence from former CFO at the state power utility, Anoj Singh. Only at 11:30, him and his legal team are late. What a waste of the commissons time! Get ready for I can’t remember
Source: TimesLIVE - 🏆 28. / 59 Read more »

WATCH LIVE | State capture commission to hear Transnet-related evidence from Anoj SinghThe state capture commission chaired by deputy chief justice Ramond Zondo is expecting to hear Transnet-related evidence from the state entity's former CFO Anoj Singh on Thursday. I will always tell you about kellybrian_ he's one in a million I make money from home despite the world pandemic inbox him to know more about his crypto/trade offers .🙏🏻🙏🏻 For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Caldwellsteve8 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️
Source: TimesLIVE - 🏆 28. / 59 Read more »

LIVESTREAM: Anoj Singh returns to state capture inquiryFormer Transnet financial officer Anoj Singh is back at the state capture inquiry. Where can we stream Tshegofatso Pule court proceedings Wow I am speechless for the moment, don't really know what to say but i really appreciate for his Goodwill over me and my family who help me trade my bitcoin (earning R50,500 weekly) MariaNMabry Wow I am speechless for the moment, don't really know what to say but i really for her Goodwill over me and my familyappreciate who help me trade my bitcoin (earning R50,500 weekly) MariaNMabry
Source: eNCA - 🏆 49. / 51 Read more »

LIVE FEED: State Capture Inquiry - April 23, 2021The Zondo commission will hear whether the former Transnet CFO's legal team will make a submission to have some of his evidence heard behind closed doors. The circus is about to take the secretive path to cover some lies & gossip the same like in the sealed CR17BankStatements
Source: IOL - 🏆 46. / 51 Read more »