Evidence leader at the Zondo inquiry, Advocate Kate Hofmeyr, on Tuesday, 26 February 2019, gave an overview of the evidence of corruption in Eskom’s coal supply contract with Gupta family businesses that were going to be presented by a new witness. Daniel Mashigo, acting senior general manager for primary energy division at Eskom, took the stand on Tuesday..
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Thank Eskom and the Guptas for Being in the Dark – Eskom Staff Were Pushed to Sign R4.3bn Tegeta Contract, #StateCaptureInquiry Hears
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It is reported that Cyril has no solid economic policy, is that why he is just borrowing money from everywhere?
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Ramaphosa’s government doesn’t have an economic policy. All that’s been forthcoming is a stimulus package, plus two summits.
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Transnet:- CEO Gama, two other officials suspended
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Transnet’s board has issued its chief executive, Siyabonga Gama, chief procurement officer Thamsanqa Jiyane and supply chain manager Lindiwe Mdletshe with precautionary suspension notices, the state-owned entity said on Thursday.
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McKINSEY DOSSIER – Part 2: Contract To Pay McKinsey And Trillian R1.6-Bn ‘Invalid’
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In Part 1, we detailed how global consultancy McKinsey lined up an R9.4-billion bonanza from Eskom with the help of Gupta-linked Trillian Capital Partners. We also showed how Eskom executives ignored warnings from their own legal team that the contract favoured McKinsey and did not comply with the law. In Part 2, we show how the flawed..
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McKINSEY DOSSIER – Part 5: How Transnet Cash Stuffed Gupta Letterboxes
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When global consulting firm McKinsey “came clean” last Tuesday about its work at Eskom, it admitted it was not careful enough about associating with Trillian, its de facto local partner. But it claimed not to have known that Gupta lieutenant Salim Essa owned most of Trillian.Now we show that at least R30m flowed from Regiments,..
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McKINSEY DOSSIER – Part 4: Eskom Bending Over Backwards For Trillian #GuptaLeaks
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Eskom paid Trillian R595m without a valid contract while lying to the public about doing so. This is well established by now. But how the Gupta-linked company was sneaked onto Eskom’s payment system – a system designed to prevent fraud – has always been a mystery. A series of interviews and leaked documents show that..
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McKINSEY DOSSIER – Part 3: Eskom Tells McKinsey And Trillian To #PayBackTheMoney #GuptaLeaks
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Pressure on global consulting giant McKinsey has reached breaking point after Eskom moved to reclaim R1.6-billion in consulting fees paid as part of the controversial turnaround project. On Thursday night Eskom released a statement saying that it “sought McKinsey and Trillian’s co-operation” to have the R1-billion paid to McKinsey and the R564-million paid to Gupta-linked..
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McKINSEY DOSSIER – Part 1: How McKINSEY And Trillian Ripped R1.6B From ESKOM – And Planned To Take R7.8BN More
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It is now well-established that global consultants McKinsey and their local Gupta-linked counterpart Trillian extracted R1.6-billion in fees for “turnaround” advice given to Eskom. In this investigation, the first in a series, we delve into an explosive report that says Eskom ignored warnings that the proposed contract might be illegal, and reveal internal documents detailing..
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