Will Eskom, Transnet investigation have enough capacity, expertise? - civil watchdog

Cape Town - Hopefully the Special Investigation Unit (SIU) has sufficient capacity and expertise assigned to its investigations of state capture at Eskom and Transnet, the Organisation Undoing Tax Abuse (OUTA) said on Friday.

The advocacy group said such capacity and expertise would be needed so that the SIU "can go deep and wide on the many issues they will encounter, and that there will be no political interference or meddling".

Outa said an in-depth investigation of state capture at Eskom and Transnet is urgently needed. Therefore, it welcomed the new SIU investigation into these two state-owned enterprises.

Bloomberg reported earlier that President Cyril Ramaphosa referred allegations of mismanagement and graft at Eskom and Transnet to the SIU. It reported that Ramaphosa said in the Government Gazette on Friday that the SIU must include “any alleged serious maladministration in connection with the affairs of the institutions” in its investigations.

Other terms include probing unlawful appropriation or expenditure of public money or property and improper conduct by employees of the companies.

OUTA said the investigation into Eskom and Transnet is for actions since January 2010, including coal and diesel contracts and maladministration in the Medupi, Kusile and Ingula power station projects.

It must also probe contracting and purchasing of goods and services by Transnet.

The investigation must include “any undisclosed or unauthorised interests” which Eskom and Transnet employees had in service providers contracted to their employers.

In the view of the advocacy group, this will help to expose state capture and enable strong action to be taken on the abuse of state funds.

“We welcome this initiative which is long overdue,” said OUTA CEO Wayne Duvenage.

“We hope that they engage with various civil action organisations and political parties who have done so much work in exposing and gathering the facts related to many of the cases they will be looking into.”

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you 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.
Subscribe to News24
ZAR/USD
16.25
(-0.21)
ZAR/GBP
21.16
(+0.00)
ZAR/EUR
19.23
(-0.10)
ZAR/AUD
11.56
(+0.03)
ZAR/JPY
0.15
(+0.00)
Gold
1897.92
(-0.02)
Silver
24.34
(-0.41)
Platinum
887.00
(-0.83)
Brent Crude
41.24
(0.00)
Palladium
2366.00
(-0.06)
All Share
55339.58
(+0.99)
Top 40
50692.28
(+0.83)
Financial 15
10790.70
(+3.99)
Industrial 25
74905.70
(+1.05)
Resource 10
52561.57
(-0.49)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
24% - 69 votes
No, I did not.
52% - 150 votes
My landlord refused
24% - 71 votes
Vote