StateCaptureInquiry: How Eskom flouted rules to push through Huarong deal
Johannesburg - An Eskom official has corroborated evidence heard by the Zondo commission that Eskom rules were flouted to push through an R25 billion loan facility agreement offered by a Chinese consortium.
Shweni said when the Eskom treasury department got the unsolicited proposal from Huarong the group did research on the company and to check out if there were no similar offers available. He said everyone thought it was a good proposal at the beginning. He said he raised issues when dealing with a term sheet which treasury under Singh signed. Mshweni said he had issues with the large cancellation fee and long-term payment period.
On Friday Eskom's treasurer, Andre Pillay told the commission how former Eskom interim CEO Sean Maritz pushed through the deal and signed it even with objections from the board.
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