The utility has provided a progress report on ongoing investigations into the contractors
Eskom has named SA construction firm Stefanutti Stocks and Swiss-Swedish multinational ABB among the contractors that it says were overpaid R4bn for work at the troubled Kusile power station.
In one case, investigations have resulted in the arrests of four individuals, two of whom are former Eskom employees.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Eskom overpaid Stefanutti Stocks JV and ABB by R1bn each, report findsThe utility has provided a progress report on ongoing investigations into the contractors
Read more »
Eskom overpaid Stefanutti Stocks JV and ABB by R1bn each, report findsThe utility has provided a progress report on ongoing investigations into the contractors
Read more »
ANC suggests pension funds take some Eskom assetsThe Economic Transformation Committee of South Africa’s ruling African National Congress suggested that pension funds take over some of the assets of the indebted state power company.
Read more »
Eskom to start stage 2 load-shedding — may last through weekendFive units broke down overnight and on Friday morning
Read more »
Eskom to start stage 2 load-shedding — may last through weekendFive units broke down overnight and on Friday morning
Read more »
Eskom starts Stage 2 load shedding on Friday at 12 noonEskom urged the public to reduce electricity usage in order to assist in preventing the need for load shedding.
Read more »