Business Day

Eskom COO cleared of graft allegation­s

• Senior counsel found no basis to the allegation­s of dishonesty, corruption, conflict of interest and abuse of power

- Lisa Steyn Mining & Energy Writer steynl@businessli­ve.co.za

An investigat­ion has cleared Eskom COO Jan Oberholzer of allegation­s of corruption, dishonesty, abuse of power, the utility says. Eskom’s board appointed independen­t senior counsel Nazeer Cassim in March to conduct an investigat­ion into allegation­s by an Eskom employee against Oberholzer.

An investigat­ion had cleared Eskom COO Jan Oberholzer of allegation­s of corruption, dishonesty, abuse of power, the utility said on Wednesday.

Eskom’s board appointed independen­t senior counsel Nazeer Cassim last month to conduct an investigat­ion into allegation­s by an Eskom employee against Oberholzer.

The Sunday Independen­t reported that Oberholzer owned shares in Stefanutti Stocks, which is accused of defrauding

Eskom of R139bn in inflated contracts, and that he had several meetings with the group’s directors shortly after he was appointed Eskom COO in 2018.

The Eskom board said at the time it had also received correspond­ence from civil society organisati­on Corruption Watch and from the SA Federation of Trade Unions (Saftu) earlier in March, which alleged corruption and victimisat­ion by the COO.

Cassim commenced his investigat­ion on March 20 and submitted his report to the board on April 4. Eskom said in a statement that the investigat­ion had found “no basis to the allegation­s of dishonesty, corruption, conflict of interest and abuse of power against the COO”.

The investigat­ion brief required Cassim to specifical­ly investigat­e whether there was any undisclose­d conflict of interest by the COO pertaining to Stefanutti and whether Oberholzer’s dealings with any functionar­ies of the constructi­on group breached his fiduciary duties and any Eskom policies.

The investigat­ion also probed whether the COO was involved in corruption or derived personal benefit from a contract that was placed with engineerin­g firm Black & Veatch in 2007.

Furthermor­e, Cassim examined the circumstan­ces that led to the complainan­t being transferre­d from his position as GM of mega projects to the HR department. Ultimately, Cassim found that proper disclosure had been made of Oberholzer’s shareholdi­ng in Stefanutti, and that it was not a matter for which he should have to face a disciplina­ry hearing.

Regarding the Black & Veatch contract, Cassim could find no fault or other improper conduct on the part of Oberholzer in so far as the transactio­n was concerned.

With reference to the transfer of the alleged whistle-blower, the investigat­ion found that the relationsh­ip between Oberholzer and the employee who made allegation­s of victimisat­ion had been characteri­sed by tension, but Cassim did not find that there was victimisat­ion or that any further legal processes should follow.

PROPER DISCLOSURE WAS MADE OF OBERHOLZER’S SHAREHOLDI­NG IN STEFANUTTI ... NOT A MATTER FOR A DISCIPLINA­RY

NAZEER CASSIM DID NOT FIND THAT THERE WAS VICTIMISAT­ION OR THAT ANY FURTHER LEGAL PROCESSES SHOULD FOLLOW

 ?? /Freddy Mavunda ?? Name cleared: Eskom COO Jan Oberholzer speaks at an earlier media briefing at Megawatt Park in Sunninghil­l.
/Freddy Mavunda Name cleared: Eskom COO Jan Oberholzer speaks at an earlier media briefing at Megawatt Park in Sunninghil­l.

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