Eskom project team to tackle 'immense harm' caused by state capture

accreditation
Eskom board chairperson Professor Malegapuru Makgoba said state capture had caused "immense harm" to Eskom over the years.
Eskom board chairperson Professor Malegapuru Makgoba said state capture had caused "immense harm" to Eskom over the years.
Alfonso Nqunjana/File

Eskom has set up a project team to tackle recommendations by the Zondo Commission, it said on Friday.

The project team, which Eskom says is "supported by its internal and external lawyers", will review the report and take "appropriate" action.

This includes studying the contents to identify whether anyone implicated is still working at the state-owned power company.

The debt-laden utility – which featured heavily in testimony delivered during the commission of inquiry – has been trying to recover funds it lost during the state capture era. This includes some R3.8 billion in damages it suffered due to the unlawful actions of those implicated in state capture, it said.

So far it has recovered R1.1 billion from consulting firm McKinsey and just over R1.5 billion from ABB. Consulting firm Deloitte also previously reached a settlement with Eskom to pay back some R150 million in fees.

Numerous criminal cases have been registered with the South African Police Services and disciplinary action has been taken against several implicated employees already, Eskom added.

Eskom board chairperson Professor Malegapuru Makgoba said state capture had caused "immense harm" to Eskom over the years.

"[W]e look forward to working with the National Prosecuting Authority to ensure that the miscreants speedily face criminal charges," Makgoba said.

The latest instalment of the State Capture Inquiry's report found that former president Jacob Zuma had played a central role in the capture of Eskom. The fourth part of Chief Justice Raymond Zondo's report – which deals with Eskom, National Treasury and EOH Holdings, among others – was officially handed to President Cyril Ramaphosa on Friday morning.

It found that the notorious Gupta family, with Zuma's help, had orchestrated a number of suspensions among Eskom's top leadership in 2015, paving the way for their associates Brian Molefe and Anoj Singh to occupy key positions instead. 

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. 
Subscribe to News24
Rand - Dollar
16.78
-1.5%
Rand - Pound
20.01
-1.2%
Rand - Euro
17.09
-0.7%
Rand - Aus dollar
11.39
-1.3%
Rand - Yen
0.12
-1.5%
Gold
1,738.57
-1.5%
Silver
19.20
-0.1%
Palladium
1,921.00
-1.0%
Platinum
860.00
-1.0%
Brent Crude
102.77
-10.4%
Top 40
59,826
+1.5%
All Share
65,887
+1.3%
Resource 10
61,323
+3.1%
Industrial 25
81,232
+1.1%
Financial 15
14,367
+0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot