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Eskom court ruling on Trillian, looks forward to getting back R600m payment | IOL Business Report

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Eskom court ruling on Trillian, looks forward to getting back R600m payment

JOHANNESBURG - The Eskom board on Friday welcomed the court judgment compelling consultancy firm Trillian Capital to pay back R600 million it illegally received from the struggling power utility.

In a judgment by judges Selby Baqwa, Moara Tsoka and Dawie Fourie, the court said there was no legal or factual basis for Eskom to pay Trillian R595,228, 913.29 in consultancy fees. Last year, Eskom sued both Trillian and McKinsey for the repayment of almost R1.6 billion alleged to have been unlawfully paid to the firms.

"In addition, we urge all corporates who conducted business with Eskom illegally to come forward voluntarily so we can start the process of getting funds that were paid in the course of those assignments," Mabuza said.

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