Eskom lost R400m a year to electricity syndicate

[Kevin Lancaster]

Eskom lost R400m a year to electricity syndicate

Eskom in Limpopo said its revenue has increased since the arrest of members of a prepaid electricity syndicate.

 

[Quintrix]

However, investigations by police and the Eskom Fraud Unit discovered that nearly 580 vouchers were sold between 2009 and November 2012.
The court heard that the syndicate made a combined illegal profit of R264 600, when selling units at lower rate to Eskom’s standard rates

Am I missing something? how do we get to R40Mil/month???

 

[savage]

Eskom math

 

[grok]

They probably willingly give away more than that to BEE suppliers' inflated prices.