Streaming issues? Report here
Sara-Jayne King Sara-Jayne King
Weekend Breakfast with Sara-Jayne King
06:00 - 10:00
volume_up
volume_mute

Up Next: An Hour With a Special Guest on Just the Hits
See full line-up
Weekend Breakfast with Sara-Jayne King
06:00 - 10:00
Home
arrow_forward
Business
fiber_manual_record
Opinion
fiber_manual_record
Local

Eskom corruption: Tenders worth R178 billion 'red-flagged' in a decade - News24

3 May 2021 6:24 PM
Tags:
Eskom
State Capture
Corruption
The Money Show
Special Investigations Unit
Bruce Whitfield
SIU
news24
Eskom corruption
Bowmans
Kyle Cowan
Corruption at Eskom

R178 billion of dodgy tenders at Eskom. Bruce Whitfield interviews Kyle Cowan (News24) and Bernard Hotz (Werkmans Attorneys).

Eskom gave tenders “red-flagged” for corruption worth R178 billion in the past decade, wrote Kyle Cowan, Sipho Masondo, and Azarrah Karrim in News24 on Monday.

That is enough to vaccinate South Africa’s entire population against Covid-19 20 times over.

It is also almost half of Eskom’s enormous R411 billion mountain of debt.

A candle (our "go-to" stock image for Eskom). © alekseitim/123rf.com

The information came to light after probes by law firm Bowmans and the Special Investigations Unit (SIU) that found a slush fund set up by senior executives into which contractors would pay a stolen fortune to fund luxurious lifestyles.

Corrupt tenders were even awarded for milk, tea, and toilet paper, at wildly inflated prices.

The Money Show’s Bruce Whitfield interviewed Cowan and Bernard Hotz, Head of Business Crimes & Investigations at Werkmans Attorneys.

This is just astounding! … It’s commercial terrorism! … There have to be civil and criminal consequences! … You have to fight nuclear battles with nuclear weapons! ... Take away ill-gotten gains! …

Bernard Hotz, Head of Business Crimes & Investigations - Werkmans Attorneys

This has happened with all the SOEs…

Bernard Hotz, Head of Business Crimes & Investigations - Werkmans Attorneys

These are complex commercial crimes… you have to investigate the minutiae… it’s a long process…

Bernard Hotz, Head of Business Crimes & Investigations - Werkmans Attorneys

We’ve got an inordinate amount of information… We spent months sifting through it… Eskom is a place where lots of corruption has happened… We’re talking about companies that made billions of rands…

Kyle Cowan, investigative reporter - News24

These files will contextualize that [accusations against Eskom CEO Andre de Ruyter] very nicely…

Kyle Cowan, investigative reporter - News24

Listen to the interview in the audio below.




3 May 2021 6:24 PM
Tags:
Eskom
State Capture
Corruption
The Money Show
Special Investigations Unit
Bruce Whitfield
SIU
news24
Eskom corruption
Bowmans
Kyle Cowan
Corruption at Eskom

More from Business

Dagga in food is so hot right now – a passing fad, or here to stay?

7 May 2021 12:01 PM

Lester Kiewit interviews Ziyaad September (maker of cannabis ice cream) and "Stoney Polony", maker of cannabis brownies.

Share this:
Read More arrow_forward

Golden Arrow tests viability of fully electric fleet

7 May 2021 10:34 AM

Lester Kiewit interviews Golden Arrow Bus Services spokesperson Bronwen Dyke Beyer.

Share this:
Read More arrow_forward

What to consider if you want to leave money to your children

6 May 2021 8:57 PM

Valuable tips on ensuring an inheritance for your kids and educating them about money from personal finance expert Warren Ingram.

Share this:
Read More arrow_forward

Companies are dreaming up new ways to exploit you using voice profiling

6 May 2021 8:30 PM

The latest patents are 'deeply frightening'. Tech expert Toby Shapshak on the voice-profiling revolution in marketing.

Share this:
Read More arrow_forward

Report that Eskom doesn't want Karpowership deal 'pure speculation' says govt

6 May 2021 8:17 PM

Signing up for the Karpowerships would be irresponsible and irrational, says energy expert Clyde Mallinson on The Money Show

Share this:
Read More arrow_forward

The big vaccine patent waiver decision: 'It's like horse trading now'

6 May 2021 6:57 PM

Tough negotiations lie ahead for WTO members on lifting Covid-19 vaccine patent protections, says Salome Meyer (Cancer Alliance).

Share this:
Read More arrow_forward

South Africa (population: 58m) has fewer than 2000 dentists in public service

6 May 2021 2:12 PM

"We’re not producing enough dentists," laments Dr. Bulela Vava, founder of the Public Oral Health Forum.

Share this:
Read More arrow_forward

US backs proposal to waive vaccine patents 'in service of ending this pandemic'

6 May 2021 8:56 AM

Refilwe Moloto interviews Brooks Spector, a US foreign policy expert and associate editor at Daily Maverick.

Share this:
Read More arrow_forward

Hospital catch-22: We can't buy the machines unless we can employ radiographers!

5 May 2021 8:23 PM

Hospital groups aren't allowed to employ radiographers. Life Healthcare is fighting to have this changed, for important reasons.

Share this:
Read More arrow_forward

Epic Games wants to take a bite out of Apple

5 May 2021 7:15 PM

It is not just a court case that could become a problem for Apple.

Share this:
Read More arrow_forward

More from Opinion

Dagga in food is so hot right now – a passing fad, or here to stay?

7 May 2021 12:01 PM

Lester Kiewit interviews Ziyaad September (maker of cannabis ice cream) and "Stoney Polony", maker of cannabis brownies.

Share this:
Read More arrow_forward

Report that Eskom doesn't want Karpowership deal 'pure speculation' says govt

6 May 2021 8:17 PM

Signing up for the Karpowerships would be irresponsible and irrational, says energy expert Clyde Mallinson on The Money Show

Share this:
Read More arrow_forward

The big vaccine patent waiver decision: 'It's like horse trading now'

6 May 2021 6:57 PM

Tough negotiations lie ahead for WTO members on lifting Covid-19 vaccine patent protections, says Salome Meyer (Cancer Alliance).

Share this:
Read More arrow_forward

South Africa (population: 58m) has fewer than 2000 dentists in public service

6 May 2021 2:12 PM

"We’re not producing enough dentists," laments Dr. Bulela Vava, founder of the Public Oral Health Forum.

Share this:
Read More arrow_forward

Ace Magashule suspended: 'It affirms the importance of investigative journalism'

6 May 2021 9:56 AM

Lester Kiewit interviews Pieter-Louis Myburgh, author of "Gangster State: Unravelling Ace Magashule’s Web of Capture".

Share this:
Read More arrow_forward

US backs proposal to waive vaccine patents 'in service of ending this pandemic'

6 May 2021 8:56 AM

Refilwe Moloto interviews Brooks Spector, a US foreign policy expert and associate editor at Daily Maverick.

Share this:
Read More arrow_forward

[REVIEW] We drive South Africa’s cheapest new 'car' – got R60 000?

5 May 2021 2:31 PM

Motoring journalist and speed freak Ernest Page reviews the Bajaj Qute, the cheapest new "car" in South Africa.

Share this:
Read More arrow_forward

President Cyril Ramaphosa sells nine cattle worth R2.7 million

5 May 2021 10:05 AM

President Cyril Ramaphosa is South Africa’s largest Ankole farmer, says Denene Erasmus (Farmers Weekly).

Share this:
Read More arrow_forward

'We’re not vaccinating – a 3rd wave of Covid-19 infections is thus inevitable'

5 May 2021 8:54 AM

"The vaccines aren't out there. We’re going to get it," says Dr Jody Boffa. "We’re facing a bleak winter," concurs Fatima Hassan.

Share this:
Read More arrow_forward

How to encourage more over-60s to register for a Covid-19 vaccine

4 May 2021 5:13 PM

"The most important thing is education by people that you trust," says persuasion scientist Ian Rheeder.

Share this:
Read More arrow_forward

More from Local

3 cool and fun things to do this Mother's Day weekend in Cape Town

8 May 2021 7:46 AM

Get to Beau Constantia on Saturday afternoon for a 'Silent Boogie' and dance yourself silly without disturbing the neighbours.

Share this:
Read More arrow_forward

VACCINE WRAP | NCCC mulls tighter border rules amid fears of 'imported' variants

7 May 2021 3:12 PM

CapeTalk gives you a round-up of the latest vaccine news every week.

Share this:
Read More arrow_forward

South African student in China falls to her death under mysterious circumstances

7 May 2021 3:06 PM

Kgothatso Mdunana (24) was studying civil engineering at Shandong University.

Share this:
Read More arrow_forward

Alleged mastermind behind Tshegofatso Pule's murder denied bail

7 May 2021 2:01 PM

Ntuthuko Shoba is alleged to be behind the murder of pregnant Tshegofatso Pule found hanging from a tree last June in Durban Deep.

Share this:
Read More arrow_forward

More rain in Little Karoo's Ladismith area over past 2 days than in last 7 years

7 May 2021 1:48 PM

W Cape Local Govt and Environmental Affairs' James-Brent Styan says the storm aftermath will see rivers flooding low-lying areas.

Share this:
Read More arrow_forward

'Some feel Ace Magashule should force his way into NEC meeting if not allowed'

7 May 2021 1:08 PM

"In Ace Magashule’s camp, there are people who feel he should force his way in if he’s not allowed," says Tshidi Madia.

Share this:
Read More arrow_forward

Golden Arrow tests viability of fully electric fleet

7 May 2021 10:34 AM

Lester Kiewit interviews Golden Arrow Bus Services spokesperson Bronwen Dyke Beyer.

Share this:
Read More arrow_forward

[REWARD, NO QUESTIONS] Can you help a listener find her stolen instruments?

7 May 2021 9:25 AM

"It’s going to be difficult to sell these instruments without getting noticed," says Louisa Theart. "I won’t ask questions!"

Share this:
Read More arrow_forward

What to consider if you want to leave money to your children

6 May 2021 8:57 PM

Valuable tips on ensuring an inheritance for your kids and educating them about money from personal finance expert Warren Ingram.

Share this:
Read More arrow_forward

Companies are dreaming up new ways to exploit you using voice profiling

6 May 2021 8:30 PM

The latest patents are 'deeply frightening'. Tech expert Toby Shapshak on the voice-profiling revolution in marketing.

Share this:
Read More arrow_forward