'History will absolve us' - Former Eskom exec Matshela Koko at Zondo Commission
The controversial former Eskom Group CEO appeared before the State Capture Commission on Thursday.
Matshela Koko has been implicated in corrupt activities during his tenure at Eskom by several witnesses, including whistleblower Suzanne Daniels.
He is one of four executives suspended by the power utility in 2015 pending an investigation.
The Special Investigating Unit (SIU) is suing the former executives and others in an effort to recoup R3.8 billion diverted illegally from Eskom
RELATED: Former Eskom exec Matshela Koko dismisses SIU moves as 'bad publicity stunt'
The Money Show gets an update on Thursday's proceedings from EWN reporter Nthakoana Ngatane.
Koko basically says that he has been vilified for four years and he hasn't had the opportunity to speak for himself... He sees this opportunity as a time for him to speak out...
Nthakoana Ngatane, EWN reporter
His appearance is supposed to focus on the suspension of executives - what did he know and what did he do?
Nthakoana Ngatane, EWN reporter
One of the things that we understood from not one, but two or probably more witnesses, is that he actually called called them and told them the day before the suspensions were announced... that he would return...
Nthakoana Ngatane, EWN reporter
But he has gone and given us even more than we were expecting in that opening statement to say that it's not true that he gave his daughter a R1 billion contract...
Nthakoana Ngatane, EWN reporter
Ngatane also discusses testimony on Thursday that detailed the methods the Gupta family used to direct money flows.
Listen to the full update below:
This article first appeared on 702 : 'History will absolve us' - Former Eskom exec Matshela Koko at Zondo Commission
More from Business

Economy in 2021: 'Expect a better year for South African assets'
An economist expects China growth at 9.5%, US money-printing, rising metal prices and trade- and current-account surpluses in SA.
Read More
Retirement funds in SA are changing – new laws come into effect on 1 March 2021
Bruce Whitfield asks personal finance advisor Warren Ingram to explain in detail the new laws affecting provident funds.
Read More
Germany Covid-19 death rate now higher than US - considers 'mega lockdown'
Germany has squandered its early success in restricting Covid-19, laments Deutsche Welle Correspondent Chelsey Dulaney.
Read More
Wine industry runs out of storage due to ban - R1.5b's worth could be lost
A new harvest is imminent and there's no more space for unsold wine. We have the highest stock level ever - Vinpro's Rico Basson
Read More
Don't fall for promises of high returns from latest investment scam, warns FSCA
A new scam is surfacing on Facebook and WhatsApp groups. The masterminds are even using the FSP number of a legitimate company.
Read More
'Thank you Mr President for not shutting us down, but we need more support!'
Loadshedding is another blow to the struggling restaurant industry. We need more relief says Grace Harding (Restaurant Collective)
Read More
Pick n Pay announces retirement of CEO credited with retailer's turnaround
Richard Brasher will be replaced by Netherlands-born Pieter Boone in April. A retail expert evaluates Brasher's performance.
Read More
Negotiations underway to bring back UIF Ters payments amid impact of second wave
Business and labour are pressing South Africa's government to introduce a new round of UIF Ters relief to mitigate the impact of the Level 3 lockdown.
Read More
Elon Musk threatens South Africa’s SKA telescope
Astronomers in South Africa are extremely unhappy about Elon Musk’s plans, says Jan Vermeulen of MyBroadband.co.za.
Read More
Prioritise drivers for vaccination against Covid-19 - National Taxi Alliance
It's a fact - minibus taxis are essential for the functioning of the economy. Lester Kiewit interviews Alpheus Mlalazi (NTA).
Read MoreMore from Politics

DA wants alcohol ban urgently lifted after SAB cancels another R2.5bn investment
The Democratic Alliance (DA) says it's time for President Cyril Ramaphosa to end the economically crippling alcohol ban with immediate effect.
Read More
Cape Town wants SA govt to change the lockdown curfew to 11pm
The City of Cape Town has called on national government to push out the curfew under the current lockdown level 3 regulations.
Read More
Govt again 'letting poor down, badly, callously, obscenely' says John Maytham
John Maytham vents about temporarily disabled people having to stand in long queues and getting water cannons fired at them.
Read More
[VIDEOS] Police spray Sassa grant queue in Bellville with water cannons
Journalist Saawmiet Moos in Belville describes people queuing for Sassa social grants sprayed with police water cannons.
Read More
Ramaphosa: We've learned from the PPE scandal, vaccines will be better managed
ANC President Cyril Ramaphosa says SA's vaccine rollout will be better managed to avoid any possible exploitation by what he calls crooks.
Read More
'Eskom has again been grossly caught with their pants around their ankles'
Energy analyst Ted Blom says Eskom doesn't report the additional shedding of VLS clients totaling an over 4000-megawatt shortfall.
Read More
Can you get a new South African passport right now?
W Cape Home Affairs' Sam Plaatjies says no, but the department has the discretion to renew passports on a case-by-case basis.
Read More
'Thank you Mr President for not shutting us down, but we need more support!'
Loadshedding is another blow to the struggling restaurant industry. We need more relief says Grace Harding (Restaurant Collective)
Read More
Lockdown violations: Do not sign admission of guilt form says lawyer
Nearly 300,000 people have been arrested for lockdown violations in SA since March 2020. Defence lawyer William Booth advises.
Read More
W Cape: 5000 lockdown violations so far in 2021
W Cape SAPS's Brigadier Novela Potelwa says arrests are mostly for not wearing masks in public and for breaking curfew.
Read More