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Eskom overpaid Stefanutti Stocks JV and ABB by R1bn each, report finds

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Sverige Nyheter Nyheter

The utility has provided a progress report on ongoing investigations into the contractors

Eskom has named SA construction firm Stefanutti Stocks and Swiss-Swedish multinational ABB among the contractors that it says were overpaid R4bn for work at the troubled Kusile power station.

In one case, investigations have resulted in the arrests of four individuals, two of whom are former Eskom employees.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

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Eskom guns for former bosses, companies after R4bn overpaymentEskom has roped in the Sars, SIU, Hawks and the NPA to go after former employees and suppliers implicated in malfeasance at the power utility.
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