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Trillian ordered to pay back Eskom R600m

18 June 2019 5:51 PM
Tags:
Eskom
Trillian
Eskom Trillian report
Last year the power utility sued both Trillian and McKinsey for the repayment of almost R1.6bn.

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.

READ: Eskom admits lying about Trillian and McKinsey payments

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


18 June 2019 5:51 PM
Tags:
Eskom
Trillian
Eskom Trillian report

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