There is at least R 200 billion that needs to be explained - Ted Blom

The Parliamentary inquiry into governance and state capture at Eskom saw current and former executives give testimony this week.

This week Eskom's suspended Legal Executive Suzanne Daniels testified that Eskom's 1.6 billion rand theft to Trillian Capital Partners and McKinsey was brazen theft.

Daniels also named six Eskom executives implicated in corruption at Eskom, and how she had attended a meeting with the Guptas and Deputy Public Enterprises Minister Ben Martins.

On Thursday, the Deputy Public Enterprises Minister denied this meeting took place.

READ: Public Enterprises' Ben Martins denies secret meetings with Gupta family

Stephen Grootes spoke to Ted Blom, head of Energy at the Organisation Undoing Tax Abuse (Outa).

Blom is the self-proclaimed whistleblower of corruption at Eskom, ever since the Public Finance Management Act (PFMA) law came into existence.

It seems to me that every year the amounts have compounded in size, my estimate is that there is at least R 200 billion that needs to be explained.

Ted Blom, head of Energy at the Organisation Undoing Tax Abuse (Outa)

I think whats happened is as the corruption got worse, more people jumped onto the gravy train.

Ted Blom, head of Energy at the Organisation Undoing Tax Abuse (Outa)

What we have seen in the parliamentary hearings to date is corruption at head office level but believe you me it goes right down to project level. There is still a lot of stuff that needs to be uncovered.

Ted Blom, head of Energy at the Organisation Undoing Tax Abuse (Outa)

Click on the link below to listen to Blom's perspective on whether a new Eskom board is needed to address the problem of corruption....


Recommended

by NEWSROOM AI

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
Public Enterprises' Ben Martins denies secret meetings with Gupta family

Public Enterprises' Ben Martins denies secret meetings with Gupta family

Martins has accused Eskom's suspended head of legal Suzanne Daniels of lying.

Tshediso Matona says former Eskom board wanted him out

Tshediso Matona says former Eskom board wanted him out

At Eskom's parliamentary inquiry the former CEO described 'a sordid and dysfunctional environment' among Eskom's board members.

Eskom's legal head takes her suspension battle to CCMA

Eskom's legal head takes her suspension battle to CCMA

Eskom to oppose the lifting of Suzanne Daniels' suspension at the CCMA and denies claims it is targeting her for exposing execs.

Piers Marsden informed the Hawks in July 2016 of dodgy Eskom transactions

Piers Marsden informed the Hawks in July 2016 of dodgy Eskom transactions

Business rescue practitioner Piers Marsden testified on the state capture inquiry into Eskom in Parliament on Wednesday.

Portfolio Committee chair shocked by latest testimony in Eskom inquiry

Portfolio Committee chair shocked by latest testimony in Eskom inquiry

A former Trillian employee revealed that Trillian CEO Eric Wood knew Nhlanhla Nene would be axed as Finance Minister.

Whistleblower reveals damning evidence in state capture probe

Whistleblower reveals damning evidence in state capture probe

Parliament's Eskom inquiry resumed on Tuesday with whistleblower, Mosilo Mothepu giving testimony on Trillian and Eskom.

Popular articles
Can you 'affair-proof' your marriage?

Can you 'affair-proof' your marriage?

Sexologist Nikki Goldstein says there are steps you can take to cut the risk of infidelity in your relationship.

Stadium riot: 'It's just inexplicable and unacceptable by all means'

Stadium riot: 'It's just inexplicable and unacceptable by all means'

Minister of Sports and Recreation condemns this weekend's violence by Kaiser Chiefs fans.

'He raped me every day for a year when I was 8 years old'

'He raped me every day for a year when I was 8 years old'

A woman has penned her triumphant story of survival after being sexually abused by an uncle as a child.

Euphonik (one of South Africa's top DJs) opens up about money

Euphonik (one of South Africa's top DJs) opens up about money

Bruce Whitfield talks to Euphonik (aka Themba Nkosi) about his attitude to money (hopes and fears, successes and failures, etc.)

This is how much you should be paying your domestic worker

This is how much you should be paying your domestic worker

Stephen Rathai, director of employment standards at the Department of Labour talks on the new national minimum wage.

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)

Mugg & Bean agrees to pay medical bill of customer

Mugg & Bean agrees to pay medical bill of customer

Mugg & Bean has agreed to pay for customers medical bills after a month of being in pain and pestering the chain to pay the bill.