EXCLUSIVE | How 'competing' companies – one run by a son, the other by his parents – cost Eskom R22m | News24

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EXCLUSIVE | How 'competing' companies – one run by a son, the other by his parents – cost Eskom R22m | News24
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A preliminary investigation by Eskom has found that two controversial KwaZulu-Natal construction companies violated competition laws when bidding for work running into hundreds of millions at the power utility. | vercingetorics

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The investigation by Eskom's Forensic and Anti-Corruption Unit two months ago shows Aqua Transport and Ekene Investments violated Section 4 of the Competition Act, which bars competing companies from collusive tendering, fixing prices, and dividing markets.

Company registration records show Aquin Naicker is the director of Ekene Investments, while his parents, Kevin and Elaine Naicker, are directors of Aqua. Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

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