Home Mzansi News Spotlight on Eskom at #Statecaptureinquiry

Spotlight on Eskom at #Statecaptureinquiry

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Two members of Eskom’s primary energy division are set to testify at the state capture inquiry on Tuesday.

So far there have been claims of gross financial misconduct and flouting of procedures at the power utility.

On Monday, it was heard that the Reserve Bank was misled about a R25-billion loan agreement.

Eskom

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That’s according to Eskom treasury official, Sincedile Shweni.

He testified that Eskom had a loan deal with a controversial Chinese business.

There was also plenty of drama and intrigue last week.

Eskom’s treasurer testified that former Public Enterprises minister Lynne Brown allowed certain executives to bypass the board.

The loan deal involved Huarong Energy Africa. The firm claimed to be part of another company, Huarong China. But Eskom’s business intelligence flagged this, saying it was a lie.

Source: eNCA

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