Tick tock...Eskom has until close of business to meets Lynne Brown's deadline

Minister of Public Enterprises Lynne Brown told the Eskom board earlier this week to explain its deal with Trillian Capital.

The power utility was given a Thursday deadline but Brown later extended the deadline, saying she would like additional information.

Eskom had initially claimed that transactions between Trillian and consultancy firm, McKinsey were all above board but earlier this week, it emerged that New York based management consulting company Oliver Wyman, had red flagged these payments and had recommended a legal review.

EWN reporter, Gia Nicolaides has been covering the story.

Minister Brown is actually asking for additional documents, that she wants in relation to Eskom's business deals with Trillian. Initially she just wanted Eskom to explain its relationship with Trillian.

Gia Nicolaides, EWN reporter

On Tuesday when this new information emerged, the minister said, well I had asked you explain this relationship with Trillian in June, now I'm giving you a 48-hour deadline.

Gia Nicolaides, EWN reporter

Yesterday, by twelve o'clock they should have handed over that report. By four thirty in the afternoon, we learned that Eskom wasn't quite ready to hand over that report. Shortly after that, we received a statement from the minister, saying she had extended the deadline to the end of business day today (Friday).

Gia Nicolaides, EWN reporter

Listen to the EWN report here:


This article first appeared on 702 : Tick tock...Eskom has until close of business to meets Lynne Brown's deadline


Recommended

by NEWSROOM AI
Read More
President Zuma can expect a DA grilling on SAA and Mduduzi Manana

President Zuma can expect a DA grilling on SAA and Mduduzi Manana

President Zuma will be making an appearance in Parliament on Thursday and is expected to answer to opposition parties.

Eskom deadline to explain Trillian relationship to minister almost up

Eskom deadline to explain Trillian relationship to minister almost up

Financial Mail's Sikhonathi Mantshansha says prospects of an arrest and prosecution of that involved in wrongdoing is unlikely.

Government considering merger between SAA, SA Express and Mango

Government considering merger between SAA, SA Express and Mango

Public Enterprises Minister Lynne Brown says ideally a 25% shareholder is needed to provide management and financial assistance.

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.

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.

"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.

Popular articles
Heinrich Volmink could've been a good mayor but Dan Plato gets the livery collar

Heinrich Volmink could've been a good mayor but Dan Plato gets the livery collar

Prof Jonathan Jansen sings Volmink's praises as Dan Plato is elected to lead the City of Cape Town taking over from De Lille.

'We can barely enforce tobacco legislation, how will we to deal with dagga?'

'We can barely enforce tobacco legislation, how will we to deal with dagga?'

International law enforcement expert and former Drug Unit Commander Lobo das Neves says ruling opens a different can of worms.

Concourt ruling on cannabis needs to filter down to cops, says dagga couple

Concourt ruling on cannabis needs to filter down to cops, says dagga couple

Myrtle Clark and Julian Stobbs, dubbed the dagga couple, have been trying for years to have dagga legalised.

Kaptein Kurt Darren on music and all the money he’s making from it

Kaptein Kurt Darren on music and all the money he’s making from it

Laat die dansvloer brand! The Money Show’s Bruce Whitfield interviews Afrikaans musician Kurt Darren.

ConCourt rules dagga legal for private use, but what is private?

ConCourt rules dagga legal for private use, but what is private?

Associate Professor of Law at Wits University James Grant says the ConCourt did not define what private use was.

Cape Town dams on 70% for the first time since 2015

Cape Town dams on 70% for the first time since 2015

Cape Town's dam levels have hit the 70% mark but experts say Capetonians still have to be cautious in their water consumption.

17-year-old learner killed teacher for not allowing him to jump the food queue

17-year-old learner killed teacher for not allowing him to jump the food queue

Spokesperson for Education department says the fact that this learner is still in Grade 10 at 17 may indicate there is a problem.