imagepng

McKinsey wants court to declare contract with Eskom invalid - EWN reporter

Eskom’s new interim CEO Sean Maritz has asked for time and space to focus on his executive duties as mandated by the utility’s board.

Acting CEO Johnny Dladla was replaced by Maritz last week. He is a former information officer who apparently reported to suspended executive Matshela Koko.

Gia Nicolaides, EWN Reporter, who has been working extensively on the story says Gupta linked Trillian has not yet responded to Eskom. This after it issued letters to both Trillian and McKinsey requesting funds paid as part of a settlement figure be returned. This due to Eskom now admitting a contract entered into was illegal.

We know that McKinsey responded by saying they would like a High Court judge to determine whether the contract with Eskom, worth R1.6 billion is invalid. And only if the court says yes, will they pay the money.

Gia Nicolaides, EWN Reporter

Nicolaides says Trillian had until Tuesday to respond to Eskom.

McKinsey has come out saying on several occasions that the work it did for Eskom was fair and above board, says Nicolaides.

The new acting CEO has also spoken out about allegations against him. Nicolaides says Maritz has denied that there were any irregularities in the appointment of a friend and fellow church member on a six-month contract, an issue going back as far as 2010.

All these allegations have now emerged that he hired his friend on a six-month contract at a salary of a R100 000. Maritz says he is in the clear and there is nothing irregular about that contract.

Gia Nicolaides, EWN Reporter

Maritz is also responsible for issuing the final suspension letter for Eskom's legal head, Suzanne Daniels reports Nicolaides. She says Daniels put together the report exposing the power utility officials and executives on the McKinsey and Trillian deal.

Listen to the full interview on the clip below:


Recommended

by NEWSROOM AI

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
'McKinsey and Trillian have to respond to Eskom by close of business today'

'McKinsey and Trillian have to respond to Eskom by close of business today'

FM's Sikonathi Mantshantsha says the power utility warned that if the money is not paid by Tuesday they may face legal charges.

Eskom wants Trillian, McKinsey to return R1.6bn fees or face court action

Eskom wants Trillian, McKinsey to return R1.6bn fees or face court action

The power utility has warned that if the money is not reimbursed by Tuesday, McKinsey and Trillian may face legal charges.

Eskom appoints a new CEO every 104 days - Mantshantsha on Sean Maritz

Eskom appoints a new CEO every 104 days - Mantshantsha on Sean Maritz

Eskom’s new acting CEO Sean Maritz was appointed and reported to suspended executive Matshela Koko.

Eskom chops legal services head over team building exercise costs

Eskom chops legal services head over team building exercise costs

Eskom's head of legal services Suzanne Daniels confirmed receiving a letter of suspension for the R50 000 spent on team building.

Investigative journo unravels details around Eskom's Trillian deal

Investigative journo unravels details around Eskom's Trillian deal

Financial Mail's Stephan Hofstatter gives a breakdown of why billions are spent on consultancy firms.

Pay back the money we paid you, Eskom tells McKinsey and Trillian

Pay back the money we paid you, Eskom tells McKinsey and Trillian

Eskom says it's planning to recover the R1.5 billion but Sikonathi Mantshantsha wonders if 'they are lying or telling the truth?'

Opinion: Brown is as captured as Mosebenzi Zwane

Opinion: Brown is as captured as Mosebenzi Zwane

Stephen Grootes says the corrupt activity revealed at Eskom is a tragedy.

Damning Eskom report implicates senior executives - EWN

Damning Eskom report implicates senior executives - EWN

EWN reporter Gia Nicolaides has seen the report and says it contains damning evidence

Sygnia offers Gupta whistle-blower Bianca Goodson a job

Sygnia offers Gupta whistle-blower Bianca Goodson a job

The Money Show’s Bruce Whitfield interviews Sygnia Asset Management CEO Magda Wierzycka.

Special Investigating Unit confirms Eskom probe

Special Investigating Unit confirms Eskom probe

EWN reporter, Gia Nicolaides reports that three other Eskom executives are implicated in the Trillian scandal.

Popular articles
From Cape to Cairo: 80-year-old Julia travels to Egypt using 20-year-old car

From Cape to Cairo: 80-year-old Julia travels to Egypt using 20-year-old car

‘It took approximately 4 – 5 months because I had to make some stops on the way for repairs.' - Julia Albu, the African Conquest

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)

How to make money through ‘buy-to-let’ (using very little of your own money)

How to make money through ‘buy-to-let’ (using very little of your own money)

Bruce Whitfield interviews Francois Janse van Rensburg, author of “Making Money through Buy-To-Let in South Africa".

Retirement: 8 biggest mistakes people typically make…

Retirement: 8 biggest mistakes people typically make…

The Money Show’s Bruce Whitfield interviews Galileo Capital Financial Advisor Warren Ingram.

MTN Walk The Talk with 702: Get your entries in and be part of a united Joburg!

MTN Walk The Talk with 702: Get your entries in and be part of a united Joburg!

Join Joburgers from all walks of life come together peacefully, united in their diversity for a fun family day out.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?