Eskom admits it lied when it defended payments to Gupta-linked Trillian

Eskom admits it lied when it defended its payments of R1.6 billion to Gutpa-linked financial advisory Trillian and global consultancy McKinsey.

In June, Eskom put forward claims that “all payments” were “based on prudent costs incurred and value created”.

On Monday, however, Eskom conceded the information was false – payments were not approved but, in actual fact, were red-flagged while a legal review of the entire contracting process was recommended.

The Money Show’s Bruce Whitfield interviewed investigative journalist Stephan Hofstatter.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

Eskom paid Trillian R600 million without even having a contract.

Stephan Hofstatter

There were massive irregularities…

Stephan Hofstatter

Eskom today admitted to me they lied... the complete opposite to what they said in June.

Stephan Hofstatter

Eskom realises it can’t continue misleading the public.

Stephan Hofstatter

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Eskom admits it lied when it defended payments to Gupta-linked Trillian


Recommended

by NEWSROOM AI
Read More
Prescribed assets: 'Are unions sleeping? Why are they not protecting members?'

Prescribed assets: 'Are unions sleeping? Why are they not protecting members?'

The ANC is eyeing your pension. Bruce Whitfield interviews Warren Ingram, a personal financial advisor at Galileo Capital.

Should Zimbabwe officially join South Africa in a monetary union?

Should Zimbabwe officially join South Africa in a monetary union?

What will happen to the rand if it does? Bruce Whitfield interviews Tim Nhamo, a currency specialist at Ironhead Trading.

Transnet gets Chinese rail supplier to pay back R618 million in looted funds

Transnet gets Chinese rail supplier to pay back R618 million in looted funds

Transnet is on a mission to get back what was stolen from it. Bruce Whitfield interviews its Chairperson, Popo Molefe.

South Africans are getting poorer and poorer

South Africans are getting poorer and poorer

It's not your imagination; we’ve lost a decade. Bruce Whitfield interviews Johann van Tonder, a researcher at Momentum.

'The New Age deal is weirder than the Tegeta one'

'The New Age deal is weirder than the Tegeta one'

The Money Show’s Bruce Whitfield interviews Savannah Mara Senior Partner Rod MacLeod.

Bloomberg makes fishy discovery when visiting Charles King (new owner of Tegeta)

Bloomberg makes fishy discovery when visiting Charles King (new owner of Tegeta)

Why is its registered address that of a violin shop? Bruce Whitfield interviews Intellidex’s Stuart Theobald.

Popular articles
[LISTEN] Illegal abortion clinics on the increase in both townships and suburbs

[LISTEN] Illegal abortion clinics on the increase in both townships and suburbs

'There is a drive to combat the acts of illegal doctors that are performing backyard abortions.' says Dr Shaamilah Suleman

[LISTEN] John Maytham gets a taste of life on board Cunard’s Queen Elizabeth

[LISTEN] John Maytham gets a taste of life on board Cunard’s Queen Elizabeth

John Maytham and his team hopped on board the luxury ocean liner, which has docked in Cape Town, during a special outdoor broadcast.

Looking for something new to do in CT? Why not consider cycling across the ocean

Looking for something new to do in CT? Why not consider cycling across the ocean

Cape Town Water Bikes is an unusual way to experience the coastline of the South Peninsula. Hop on a water bike and pedal away!

Storm in a 'G' Cup -  why are SA clothing retailers ignoring big-breasted women?

Storm in a 'G' Cup - why are SA clothing retailers ignoring big-breasted women?

Many women say they are forced to buy bras from overseas and import them to SA at great expense.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.