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SA probes R2bn Eskom fraud, press says

Company officials said to have been colluding with various service providers to generate fraudulent invoices.
Companies have been billing Eskom for work that was never done, according to City Press. Image: Waldo Swiegers, Bloomberg

South African authorities are investigating fraudulent transactions that cost state power utility Eskom R2 billion, City Press reported, citing the Special Investigating Unit.

The transactions involved several companies billing Eskom over the past three years for work that was never done, the Johannesburg-based newspaper said.

The probe began after a whistleblower alleged that at least three unidentified Eskom officials were colluding with various service providers to generate fraudulent invoices, it said.

Eskom spokesman Sikonathi Mantshantsha confirmed the investigation and said it is at an advanced stage.

“Eskom will take the appropriate measures once we have received the final report, which will be in a few weeks’ time,” he said by phone on Sunday.

© 2021 Bloomberg L.P.

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One wonders what appropriate measures will be? Put the Eskom officials on paid leave for 3 years while while they investigate?

Close it down and start new power company.

Where is SARS to catch the fraud?

No wonder Eskam need 15% tariff increases!!!

End of comments.

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