Thursday is D-Day for Eskom board to provide Lynne Brown with Trillion answers

Public Enterprises Minister Lynne Brown has given the Eskom board 48 hours to give her an explanation of payments to Trillian Capital Partners.

The parastatal admits to lying that consulting firm Oliver Wyman found payments of R1.6 billion to Trillian and McKinsey were above board.

Gia Nicolaides, EWN reporter has been covering the story.

She says the board's spokesperson promised to give reporters a detailed plan of action based on the latest revelations.

Read: Minister Lynn Brown claims no knowledge Eskom lied about Trillian

Eskom released a short statement later that evening saying the responsible individuals will be charged once the facts have been confirmed.

We just got that short statement but that doesn't give us any insight into who is responsible.

Gia Nicolaides, EWN reporter

Nicolaides goes on to say that it appears the misinformation may have come from the office of Eskom's suspended Chief Financial Officer, Anoj Singh.

He appears to be at the centre of these transactions that were approved not just the payments made to Trillian and McKinsey but also the pre-payments to Gupta linked Tegeta which took over the Optimum coal mine, explains Nicolaides.

It's unclear what action will be taken because we've seen people being suspended. We saw how they tried to keep Brian Molefe until an interministerial committee which found his contract couldn't be renewed and he had to vacate his position as CEO.

Gia Nicolaides, EWN reporter

We've had the acting CEO also find himself in troubled water. We don't seem to don't have any internal action from Eskom for heads to roll and accountability to take place.

Gia Nicolaides, EWN reporter

Listen to the EWN report here:


This article first appeared on 702 : Thursday is D-Day for Eskom board to provide Lynne Brown with Trillion answers


Recommended

by NEWSROOM AI
Read More
No light at the end of the Eskom tunnel

No light at the end of the Eskom tunnel

Chris Yelland says Eskom will have borrow about R150 billion soon, bringing its debt up from R350 billion to about R500 billion.

Eskom admits lying about Trillian and McKinsey payments

Eskom admits lying about Trillian and McKinsey payments

Business Day reports that Eskom said in June that a New York-based firm found the payments of R1.6 billion to be above board.

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

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

Eskom lied. The Money Show’s Bruce Whitfield interviews investigative journalist Stephan Hofstatter.

 Eskom probe recommends fraud and money laundering charges against Trillian

Eskom probe recommends fraud and money laundering charges against Trillian

Sikhonathi Mantshantsha, Financial Mail deputy editor and Khulu Phasiwe, Eskom Spokesperson breaks down Eskom probe.

Flagged nuclear documents fuel public perception of dodgy deals, says expert

Flagged nuclear documents fuel public perception of dodgy deals, says expert

Energy expert Chris Yelland says discrepancies have immense harm on the reputation of Eskom, government and the energy industry.

Mobile networks need to pay attention to digital literacy - Regulatory Advisor

Mobile networks need to pay attention to digital literacy - Regulatory Advisor

On Tuesday, numbers of Vodacom customers fumed over airtime that had disappeared and it's sparked a debate about data's worth.

Mokonyane defends her water department over irregular expenditure

Mokonyane defends her water department over irregular expenditure

Water and Sanitation Minister Nomvula Mokonyane told Parliament that her department is being unfairly audited.

ANC SG can question Hanekom's fitness as disciplinary chair, explains Mkhize

ANC SG can question Hanekom's fitness as disciplinary chair, explains Mkhize

Derek Hanekom was given 10 days to show cause as to why he should not be removed as chair of the ANC's disciplinary committee.

"I bumped into Anoj Singh and Eskom's Prish Govender at the Hyde Park Hotel"

"I bumped into Anoj Singh and Eskom's Prish Govender at the Hyde Park Hotel"

Sikhonathi Mantshantsha says surely as Anoj Singh is on suspension, he should not be talking to Eskom employees.

President Zuma launches Brics Development Bank

President Zuma launches Brics Development Bank

EWN Clement Manyathela reports on the launch of African Regional Centre of the Brics bank where Zuma is addressing delegates.

Popular articles
[LISTEN] DA MP Glynnis Breytenbach withdraws her candidacy for NDPP post

[LISTEN] DA MP Glynnis Breytenbach withdraws her candidacy for NDPP post

Breytenbach was one of 12 candidates shortlisted for the position.

'I felt racially profiled at Wellness Warehouse'

'I felt racially profiled at Wellness Warehouse'

Efua Prah shares how she felt she was racially profiled while shopping, a problem she says exists in many Cape Town outlets.

Amnesty International strips Myanmar leader of top honour once awarded to Madiba

Amnesty International strips Myanmar leader of top honour once awarded to Madiba

The global human rights organisation revoked the Ambassador of Conscience Award it gave Aung San Suu Kyi in 2009.

Water restrictions see 17 municipal pools across CT open from December

Water restrictions see 17 municipal pools across CT open from December

The City of Cape Town's JP Smith says four of the existing municipal pools will be converted into salt water pools.

Ever wondered why university vice-chancellors earn millions. Here's why

Ever wondered why university vice-chancellors earn millions. Here's why

CEO of Universities SA, Professor Ahmed Bawa explains why university vice-chancellors earn a lot of money while students struggle.