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The energy company has been questioned about civil lawsuits against companies to recover billions of rand.
CAPE TOWN – Executives on Eskom’s board of directors were questioned on Friday by Parliament’s finance regulator Scopa over unreliable contracts.
Some of the contracts skyrocketed by as much as 500%.
The energy company was also questioned about civil lawsuits against companies to recover billions of rand.
Scopa members heard how one contract skyrocketed from R75 million to R12.5 billion, while another deal started at R400 million but has since grown to R1.7 billion.
Committee member Benedicta van Minnen questioned why minutes of meetings were not kept when decisions were made to modify contracts.
“We don’t have minutes. It seems that Eskom cannot access the minutes. There has been some really bad contract management here. I really struggle to understand how this could happen in this supposed vacuum. ”
Eskom CEO Andre de Ruyter has told MPs that civil and criminal matters are being investigated.
“We have filed charges in a large number of cases. Unfortunately, progress has been quite slow on that front, but we have initiated a series of civil lawsuits against companies and individuals. “
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