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Eskom executives must be investigated for corruption – Treasury

The National Treasury has recommended that current and former Eskom executives Brian Molefe, Anoj Singh, and Matshela Koko be investigated for corruption, according to a report in the City Press. The recommendation forms part of a report commissioned by Treasury which investigated coal supply contracts Eskom gave to Tegeta Exploration and Resources, a mining company owned by Duduzane Zuma and the Guptas. Brian Molefe is the former CEO of Eskom, while Singh and Koko have worked as CFO and acting CEO respectively.

The Treasury report also recommends that an auditing firm investigate whether the three were offered any payments by Tegeta which improperly influenced their decisions, and whether Eskom wasted money by overpaying Tegeta for coal contracts. Finance minister Malusi Gigaba said he was worried about the Gupta family’s influence on decisions made by the Eskom executives. “Like all South Africans, I am very worried about them and I think we need to establish fact from allegation,” said Gigaba.

The news follows reports that despite Eskom’s massive loss in the 2016/17 financial year, employees were paid an average bonus of R88,000.[1]

Another issue which made headlines is the R8.9 million paycheque[2] – which included a R2.1 million bonus – to former Eskom CEO Brian Molefe, who only served as the chief executive of Eskom for eight months.

Now read: We’re not broke – Eskom[3]

References

  1. ^ average bonus of R88,000. (mybroadband.co.za)
  2. ^ R8.9 million paycheque (businesstech.co.za)
  3. ^ We’re not broke – Eskom (mybroadband.co.za)

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