Acting Eskom CEO Dladla requests review into Trillian transactions
Johnny Dladla says he's focusing on governance and leadership and wants answers about Eskom's alleged corrupt deals.
JOHANNESBURG - Eskom acting CEO Johnny Dladla says he's asked for an independent review into the transactions made with Gupta-linked consultancy firm Trillian after admitting for the first time on Wednesday that the utility paid almost R500 million .
Dladla, who's been in the acting position for just 21 days, says he's focusing on governance and leadership at Eskom and wants answers about the power utility's alleged corrupt deals.
Eskom maintains it never entered into a contract with Trillian. It says its agreement was with McKinsey which then subcontracted Trillian to do work for Eskom.
WATCH: Eskom explains why it paid Trillion R500m
In May this year, AmaBhungane revealed that Trillian invoiced Eskom for more than R400 million over a period of nine months, even though little or no work was done.
At the time, Eskom insisted that because it didn't have a contract in place with Trillian, it did not pay the company a cent.
On Wednesday, the newly appointed acting chair Zethembe Khoza and acting CEO Dladla admitted that Eskom did pay almost R500 million although it only had a contract with McKinsey.
Dladla says he wants a full investigation into the matter.
“I asked for that whole transaction to be reviewed because I’m asking myself questions as well. I’ve called in the main contractor, which was McKinsey, and suspended them while I’m doing this exercise.”
Meanwhile, Eskom says there's nothing to warrant suspending Anoj Singh. The CFO is, however, drafting a document to explain extravagant trips to Dubai that were allegedly funded by the Guptas.
Eskom insists it is financially sound and stable and says it has been able to increase its revenue and cost savings.
The power utility released its annual financial results showing a R1 billion net profit, which is down from R5 billion in 2016.
The results were due to be released last week but auditors raised concerns.
Khoza says there is no impact on its financial agreements and therefore he's decided to release the results.
“The company has achieved above target financial performance over the past year despite a challenging external environment. The performance reflects a concrete effort by the business to improve efficiencies, resulting in a cost reduction, increased border cross sales supported by improved plant performance.”
(Edited by Winnie Theletsane)