Eskom takes action to recover funds paid to McKinsey, Trillian
Eskom is taking action to recover funds that were paid to McKinsey and Trillian. In a statement on Thursday, the power utility said it has written to the two companies explaining the action it would take. Eskom requested their cooperation in the matter. “Eskom sought McKinsey and Trillian’s cooperation... Read more
Eskom refutes allegations against acting new group executive
Eskom has expressed concern at media reports on its newly appointed interim Group Chief Executive, Sean Maritz. “We have noted with concern recent media reports with unsubstantiated allegations against Maritz. We plead that he be given a chance to lead Eskom,” said the power utility on Sunday. The media... Read more
Eskom appoints Sean Maritz as interim group chief exec
Sean Maritz has been appointed as Eskom’s interim Group Chief Executive. In a statement on Friday, the Eskom Board announced that it has decided to rotate the current executives this role to ensure exposure. “The Eskom Board would like to announce that Sean Maritz, Eskom’s chief information officer (CIO) and... Read more
Eskom welcomes Nersa decision
Eskom has welcomed Nersa’s approval of the consultation process for the power utility’s 2018/19 revenue applications. On Thursday, the power utility said its year-price determination (MYPD 3) cycle comes to an end on 31 March 2018. The National Energy Regulator of South Africa (Nersa) gave its approval for Eskom... Read more
Eskom Trillian deadline on Friday
Power utility Eskom has until August to heed Minister of Public Enterprises, Lynne Brown’s instruction to clarify its business association with Trillian Capital Holdings. Eskom was initially supposed to submit this report on Thursday but the Minister extended the deadline, saying she wanted additional information. “The Minister … has asked... Read more
Investigations at the centre of Eskom board meeting
The board of Eskom met on Tuesday to discuss progress on various investigations. “ Eskom Board met today and deliberated on progress in regard to the various investigations and disciplinary processes underway. The ‘Technical Review’ matter will attract a charge against the responsible individuals once the facts have been... Read more
Nersa welcomes Constitutional Court ruling
The National Energy Regulator of South Africa (Nersa) has welcomed the Constitutional Court’s decision to dismiss the leave to appeal application by Borbet SA (Pty) Ltd and others regarding the regulator’s decision to approve Eskom’s third Multi-Year Price Determination (MYPD 3) Regulatory Clearing Account (RCA) for the 2013/14 financial... Read more
Eskom to submit complete revenue application to Nersa
Eskom says it will submit a complete revenue application to the National Energy Regulator of South Africa (Nersa) for the 2018/19 financial year. On Friday, 11 August, Nersa announced its decision that no condonation would be granted to Eskom’s request to deviate from meeting certain requirements of the Multi-Year... Read more
Eskom CFO placed on special leave
Eskom has placed its Chief Financial Officer (CFO) Anoj Singh on special leave pending an investigation. “The Board of Directors of Eskom has taken a decision to grant Chief Financial Officer, Mr Anoj Singh, special leave pending an investigation,” the power utility said on Thursday. Registered chartered accountant Calib... Read more
Minister Brown backs Eskom investigation
A thorough investigation is the only way to lift the cloud shrouding State-owned enterprises stemming from allegations of State capture, says Public Enterprises Minister Lynne Brown. In a statement on Tuesday, Minister Brown reiterated that she is on record as supporting the investigation of the Directorate for Priority Crime... Read more