Eskom deadline to explain Trillian relationship to minister almost up

Eskom has until the end of business on Thursday to hand over a report to Public Enterprises Minister Lynne Brown to explain its relationship with Gupta-linked Trillian.

Eskom had claimed that payments of R1.6 billion to Trillian and consultancy firm McKinsey were above board but then told the Business Day that a New York based firm had, in fact, red flagged these transactions and recommended a legal review of the contracting process.

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

Eusebius McKaiser spoke to Sikhonathi Mantshansha, Deputy Editor at Financial Mail.

The Organisation Undoing Tax Abuse (Outa) has laid charges of corruption and financial misconduct against the parastatal's suspended Chief Financial Officer, Anoj Singh.

Mantshansha says the prospects of an arrest and prosecution are unlikely.

If you are asking the Hawks to arrest and prosecute Anoj Singh, your are basically asking for too much.... in fact in this case and others, there is not much to investigate. There is all the evidence right in front of him. It just needs a prosecutor to bring him before a court, say these are your charges and this is what you have done, please tell us if you are not guilty.

Sikhonathi Mantshansha,Deputy Editor at Financial Mail

Eskom's legal department head, Suzanne Daniels admitted on Monday that the power utility had lied about receiving the all clear from global consultancy Oliver Wyman over payments to the Gupta-linked Trillian firm.

ALSO READ: Eskom admits lying about Trillian and McKinsey payments

Mantshantsa explains.

After it became clear that Eskom] could not sustain the lie that they had not been paying a cent to Trillian, the chief financial officer's office went to international management consulting firm Oliver Wyman, says Mantshantsha.

Oliver Wyman took one look at it and said you actually have no contract with these guys, there is no legal basis upon which you are paying them please stop and report this to the authorities.

Sikhonathi Mantshansha,Deputy Editor at Financial Mail

Click on the link below to listen to the full audio...

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Naked scientist: Gene immunotherapy could reverse multiple sclerosis

Naked scientist: Gene immunotherapy could reverse multiple sclerosis

The Naked Scientist Chris Smith explains how the new technique may suppress destructive immune cells that create MS.

[LISTEN] Makhosi Khoza spills the beans on why she quit the ANC

[LISTEN] Makhosi Khoza spills the beans on why she quit the ANC

She says President Zuma was uncomfortable with her and her decisions which saw changes to the ANC and Motsoeneng ousted.

Minister Lynn Brown claims no knowledge Eskom lied about Trillian

Minister Lynn Brown claims no knowledge Eskom lied about Trillian

It emerged on Monday that Eskom lied when it said that the more than R1 billion it paid to Trillon was above board.

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

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

Eskom admits to lying that consulting firm Oliver Wyman found payments of R1.6 billion to Trillian and McKinsey were legit.

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 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.

Popular articles
KPMG International's meeting with Pravin Gordhan

KPMG International's meeting with Pravin Gordhan

The Money Show’s Bruce Whitfield interviews Pauli van Wyk, a journalist with Scorpio at Daily Maverick.

'KPMG must fall, it's as simple as that' - caller

'KPMG must fall, it's as simple as that' - caller

In the wake of recent allegations, Eusebius McKaiser asks listeners what should happen to KPMG in South Africa.

KPMG SA’s new CEO opens up about the future of the disgraced auditing firm

KPMG SA’s new CEO opens up about the future of the disgraced auditing firm

The Money Show’s Bruce Whitfield interviews KPMG South Africa CEO Nhlamu Dlomu.

Ocean View activist speaks: We have had 20 murders in 2017 alone

Ocean View activist speaks: We have had 20 murders in 2017 alone

Sharone Daniels, a community activist in Cape Town's Ocean View says they need police intervention to end gang violence.

Civil engineer devises plan to use stormwater in Cape Town

Civil engineer devises plan to use stormwater in Cape Town

Civil engineer and Ph.D. researcher John Okedi speaks to CapeTalk host John Maytham about his plans.

[WATCH] Day-Zero for water running out fast approaching?

[WATCH] Day-Zero for water running out fast approaching?

A government employee emailed John Maytham about what he or she believes is the real state of play with the Cape water crisis.

Sasfin CEO opens up about dumping KPMG

Sasfin CEO opens up about dumping KPMG

The Money Show’s Bruce Whitfield interviews Sasfin CEO Roland Sassoon.