Eskom said on Wednesday that it had successfully recovered R30-million that it “unlawfully” paid its pension fund for the benefit of its disgraced former CEO.
Browsing: Brian Molefe
The National Prosecuting Authority arrested several former executives of state-owned rail and freight company Transnet on Monday.
Former President Jacob Zuma knowingly and willingly facilitated audacious looting and wanton mismanagement at Eskom, the Zondo commission has concluded.
Consultants became the gatekeepers and controllers of billions of rand in spending at state-owned enterprises.
A bribes-for-contracts scandal involving Neotel and Transnet should be referred to law enforcement for further action, the state capture commission has recommended.
Millions of rand of public funds were siphoned off from Transnet, Eskom and South African Airways.
The R3.8-billion claim Eskom has made against former executives as well as former minister Mosebenzi Zwane and the Gupta brothers, is a matter of principle, CEO André de Ruyter said on Tuesday.
The SIU is going after members of the Gupta family, and former Eskom executives, board members and other associates in an effort to recoup R3.8-billion that the power utility lost when the Gupta family acquired Optimum Coal.
Civil society organisation Corruption Watch said it has launched an application in the high court in Pretoria to have former Eskom board members declared delinquent.
It’s deja vu for South Africa as a chronic power deficit plunges large tracts of the country into darkness and casts a pall over the already struggling economy.