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Featured image: Eskom

In South Africa, the Minister of Public Enterprises, Lynne Brown, has extended the deadline for the Eskom Board to table its report on the Trillian matter until end of business today.

The minister’s spokesman, Colin Cruywagen, said on Thursday that Brown had requested further documents pertaining to the Trillian matter.

He noted that Brown “will seek an urgent opinion on the report from a senior counsel advocate on the contents of the report and advise on particular actions in relation to the report.

“The Minister will then communicate developments to South Africans,” he explained.

Eskom Board discusses Trillian matter

Earlier this week, Brown gave the utility a 48-hour deadline by which it had to clarify issues relating to its Trillian relationship.

According to Cruywagen: “In June, Minister Brown requested Eskom’s board to clarify issues relating to its Trillian relationship. Following further revelations of impropriety yesterday she has instructed the board to table its report in 48 hours.”

Citing the African News Agency, Engineering News reported that the utility on Monday admitted to have lied about payments of more than R1.5 billion to Trillian Capital Holdings, a firm linked to the controversial Gupta family, and consultancy firm McKinsey.

“The power utility claimed the payments were above board following the release of a damning report into Trillian by advocate Geoff Budlender,” Engineering News reported adding that “it said fellow global management consultancy, Oliver Wyman, had concluded that the payments were “based on prudent costs incurred and value created.”

The Eskom Board met on Tuesday to discuss all matters pertaining to McKinsey and other topical issues. Read more…

 

Featured image: Eskom