Fuel provider for Eskom paid ANC to acquire R15-billion contract

Chris

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Fuel provider for Eskom paid ANC to acquire R15-billion contract

An oil blending and storage company secured deals to supply South Africa’s state power utility with fuel oil worth more than R15 billion ($1 billion) at inflated prices by paying inducements, including donations to the ruling party, a forensic investigation has found.

Econ Oil & Energy Ltd. allegedly won the contracts with the help of Thandi Marah, then senior manager of business enablement at Eskom Holdings SOC Ltd., who interfered in the tender processes, said legal firm Bowmans, which Eskom commissioned to conduct the probe.

A copy of its final report dated Oct. 12 last year was seen by Bloomberg and confirmed by Eskom.

[Bloomberg]
 

Everyones-a-Wally

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Of course the ANC scored from SOE deals, that's how they roll.
They need to be kicked into touch.
 

Demented!

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Anc’s corruption has become the norm , no suprises here. Viva Anc
 

Easter Bunny

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"inducements" - what a nice word to use instead of "bribes" when you want to make an allegation seem less bad. like when trump was lying all the time and the media called it "falsehoods" or "incorrect statements".
 

randomcat

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There, there little ones. Just pay your TV licenses and etolls and go to sleep.
 

shearder

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Don't be surprised LOL in the nature of them. Same story for 26 years, in fact longer which is whybit was said they will never be successful governing themselves...
 

JohnStarr

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That's not dodgy at all...that company I mean.
1 consultant and 1 MD on their Leadership page.

Time for the Hawks to go after the company and get that cash back. And time for Eskom to go after the person employed by them who signed this off.
 

Slegdehammer67

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Dec 7, 2018
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Typical! This happens when you have ALL the authority BUT no responsibility - the AN-Fukcn-C [ANFC], has been rotten to its core for decades now. Maybe one day in 2060 they will be brought to book...MAYBE
 
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