Home Strategy Marketing Eskom’s R1.5 billion recovery a hollow victory – The Citizen

Eskom’s R1.5 billion recovery a hollow victory – The Citizen


Eskom’s announced recovery of R1.5 billion from a contractor who received irregular payments may be a hollow victory, since this money is a mere drop in the ocean of the power utility’s approximately R400 billion lost to malfeasance and corruption. In a joint briefing by the Special Investigating Unit (SIU), Eskom, as well as Public Enterprise Minister Pravin Gordhan and Justice Minister Ronald Lamola, SIU head Andy Mothibi revealed that ABB South Africa, formerly ASEA Brown Boveri, has reached an agreement with the investigating unit to repay R1.5 billion to Eskom for an overpayment on a contract awarded for work…



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