THE ESKOM FILES | ‘I want no part of it’: How Eskom execs ‘overpaid’ Kusile contractors by R1bn

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The Eskom Files is an ongoing investigation by News24.
The Eskom Files is an ongoing investigation by News24.

Eskom paid Stefanutti Stocks and Basil Read R1 billion despite six warnings from construction experts and engineers that payments to the companies should not be processed after they submitted claims they could not substantiate.

One consulting engineer from an international project management firm even told Eskom he cannot understand why the state-owned company paid millions of rand to the construction giants, adding that he "wants nothing to do with it".

A forensic report by the law firm Bowmans reveals that between 2014 and 2018, three former Eskom executives allegedly bent over backwards to approve and pay the two companies' joint venture, Stefanutti Stocks-Basil Read (SSBR), a series of payments totaling more than R1 billion.

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