KEY POINTS TO EMERGE THIS WEEK
. The result of an arbitration proceeding saw Guptaassociated company Tegeta Resources’ fine for poor quality coal at Optimum Coal reduced to R577 million from R2.1 billion.
. Eskom’s governance is in crisis with the utility being the subject of a number of external probes and internal reviews. CFO Anoj Singh came under fire this week for his involvement in the Tega-Gupta deal. Acting CEO Johnny Dladla said improving “governance, ethics and accountability” was one of five key areas of focus for him. However, Dladla said that nothing warranted him to suspend Singh.
. Eskom doesn’t need Finance Minister Malusi Gigaba’s possible offer of “soft support”. Public Enterprises Minister Lynne Brown declined to comment on Gigaba’s note earlier this month.
. Eskom paid McKinsey R900 million and then paid Gupta-linked Trillian R495 million without having any contract with Trillian. Dladla said he had suspended work with McKinsey and he was doing an investigation into the matter.
. A McKinsey spokesperson said that Eskom paid McKinsey and Trillian separately in respect to work on its corporate plan and turnaround programme.
“McKinsey never had a subcontract with Trillian,” the spokesperson said.
. A letter by a McKinsey partner in February last year inaccurately characterised Trillian as a subcontractor of McKinsey.
. The auditor of Eskom’s latest results qualified the utility’s audit report and found to two reportable irregularities.
. Eskom is set to discipline its former acting CEO Matshela Koko over a conflict of interest related to Impulse International and his stepdaughter, Koketso Choma, who was involved in the company that secured R1 billion in deals from Eskom Generation when Koko was head of that unit.