Eskom probe into R47bn inflated contracts has stalled

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Eskom has asked a court to invalidate a R8 billion tender awarded to Econ Oil.
Eskom has asked a court to invalidate a R8 billion tender awarded to Econ Oil.
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BUSINESS

An investigation by Eskom into the way contracts worth more than R42 billion were extended and their values inflated without following prescribed procurement processes for many years appears to have stalled.

Eskom’s assurance and forensic unit launched an investigation into the engineering and project management contracts that were awarded to companies such as Black & Veatch (North America), PB Africa and Alstom (France), and Stefanutti Stocks, ABB and Tenova (Italy) early last year. However, only the Black & Veatch probe was completed, even though the final forensic report was not released.

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