Quote of the week

The recommendation for criminal charges is particularly applicable to Mr Anoj Singh and Mr Koko, who by false pretences led Eskom, through the officials who processed the R659 million payment, to believe that the R659 million payment was in the nature of pre-payment for coal, as was the R1.68 billion pre-payment, later converted into a guarantee, when in truth and fact they knew that the prepayment and the guarantee were needed to enable the Guptas to complete and save the sale of share transaction.

State Capture Commission Report
Volume 4, Part IV
28 August 2017

On eskom lies

Eskom has admitted it lied when it defended making payments totalling R1.6bn to Gupta linked financial advisory firm Trillian and global consultancy McKinsey. In June Eskom strongly defended the payments in response to questions posed by Business Day following the release of a damning report into Trillian by advocate Geoff Budlender. At the time Eskom said another global management consultancy, Oliver Wyman, had conducted an external review and concluded that “all payments” were “based on prudent costs incurred and value created”. But on Monday Eskom made an about-turn and conceded this information was false.

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