Business Leadership SA stands by R50m Eskom graft probe | The Citizen

  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 75%

Business News News

Business Business Latest News,Business Business Headlines

💼💰👔 Business Leadership SA is standing by its decision to provide R18 million towards a risk assessment investigation, which reportedly costs R50 million and was requested by former Eskom CEO André de Ruyter. Read more here 👇

Business Unity South Africa CEO Cas Coovadia and BLSA CEO Busi Mavuso said at a joint media briefing on Thursday that the appointment of George Fivaz Forensic & Risk to investigate corruption at Eskom was not an anomaly but to support the work of law enforcement authorities confronting systemic corruption.ALSO READ:

“Enabling a capable state to provide support to state-owned institutions and other public sector initiatives is in the ordinary [course] of business for BLSA,” Mavuso said.De Ruyter approached BLSA in 2021 to assist with the risk assessment at Eskom, the results of which could be handed over to law enforcement authorities to further investigate or prosecute. He has on numerous occasions lamented the high levels of crime and corruption at Eskom.

“We were also aware that it was a matter of public knowledge that the Eskom CEO was … trying to get the authorities involved in dealing with that. So the work he asked us to fund, in our view, was work that would actually enable the authorities [to act],” said Coovadia.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business defends BLSA’s support for De Ruyter’s investigationBusiness Leadership SA helped fund a controversial independent probe into corruption, crime and sabotage at Eskom
Source: BDliveSA - 🏆 12. / 63 Read more »

Eskom keeps Oberholzer on for longer to help SA through power crisis | BusinessFormer Eskom COO Oberholzer confirmed on Wednesday that he and Eskom had concluded a contract for his services. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »

EE BUSINESS INTELLIGENCE: Former Eskom COO Jan Oberholzer to stay on at the utilityFormer Eskom chief operating officer Jan Oberholzer will remain at the utility in a new role to oversee projects aimed at pulling South Africa out of a power crisis which is set to worsen as winter arrives and demand for electricity increases.
Source: dailymaverick - 🏆 3. / 84 Read more »

ESKOM LIVE | More Stage 6 as breakdowns approach 19 000 MW | BusinessAll the latest news and analysis on load shedding, power and the national grid.
Source: News24 - 🏆 4. / 80 Read more »

10 years in jail for former clerk that defrauded Eskom of R2.6m | BusinessFormer Eskom administration clerk Nwabisa Ngxola was sentenced to 10 years in jail on Wednesday for defrauding the power utility of R2.6 million. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »