'Fuel oil cartel' company blasts De Ruyter over corruption claims | The Citizen

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One of Eskom’s fuel oil suppliers implicated in the criminal cartel fleecing the parastatal has blasted former CEO André de Ruyter over claims made in his memoir.👀 Read more on TheCitizenNews ⤵️

Cash-strapped Eskom raises its fuel oil budget

Eskom had, at the time, entered into an agreement with Econ Oil to supply fuel oil to the value of R9 billion over the five-year period – half of the proposed total fuel oil budget of R18 billion. The former CEO believed Eskom should have been buying directly from refineries, such as Total, Engen and Sasol, to save on costs.

“We believe we’re being unjustly targeted by a system opposed to the success of a black-woman-owned energy company in a predominantly white industry,” says Mlonzi.According to investigations by Bowman’s, which is described as a ‘leading African law firm’, the company investigated Econ Oil and found links between the supplier and a key Eskom employee. But the report was never finalised or presented to the board because Eskom decided to halt the investigation in 2019.

 

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