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
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