Trillian ordered to pay back Eskom R600m
Gupta-linked financial advisory firm Trillian Capital has been instructed to pay Eskom R600m.
Last year, the power utility sued both Trillian and McKinsey for the repayment of almost R1.6bn alleged to have been unlawfully paid to them as a result of an invalid deal involving corruption and fraud.
McKinsey has since paid back the R1bn it had received from Eskom.
While this is better late than never, energy expert Ted Blom says the money is only a drop in the ocean of what Eskom needs to claim back and return to the public.
I am shocked it has taken so long for this to happen.Ted Blom, Energy expert
Eskom will burn through the R600m in two days, They spend more than R6bn a month just to keep themselves going in terms of capex and shortfalls on operational income.Ted Blom, Energy expert
It is a windfall but I want to give it context. It is a drop in the ocean of what needs to come back... we are talking about R1.4-trillion that is owed to the public.Ted Blom, Energy expert
This drop in the ocean stuff impresses some people but in reality it is not the full amount. We need to see substantive action by Eskom.Ted Blom, Energy expert
Click on the link below to hear more from Blom....
This article first appeared on 702 : Trillian ordered to pay back Eskom R600m
Business Insider Inc associate editor Phillip de Wet says they have requested twice for the information from the IEC.Read More
Amnesty International's media liaison officer Mienkie Steytler says these companies should stop data harvesting.Read More
But Economic Freedom Fighters have put up their own candidate and expect Democratic Alliance to support them this time around.Read More
The Hawks is swooping. Bernard Hotz (Business Crimes and Investigations at Werksmans) discusses the significance it all.Read More
News24 parliamentary reporter Jan Gerber on ANC MP Bongani Bongo's arrest for alleged corruption during Parliamentary inquiry.Read More
Specialist attorney Gareth Cremen examines the suitability of trade union Solidarity's court application against the airline.Read More
United States ambassador to South Africa Lana Marks reveals her priorities and discusses the state of relations between US and SA.Read More
Head of labour legal department Anton van der Bijl explains why the union has filed papers against the airline.Read More
The ANC's Cameron Dugmore and the DA's Alan Winde put politics aside to talk candidly about fatherhood and their parenting styles.Read More
Minister of Women takes the state at the Zondo Commission of Inquiry into State Capture on Thursday.Read More