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Trillian to cough up ZAR600m after court ruling

first_imgThe amount close to R600 million is due, together with interest calculated from the day of judgement to the date of payment. The utility said in a statement that it continues to work closely with and provide all the support to the law enforcement authorities; the National Treasury, Special Investigative Unit (SIU), South African Police Service (SAPS), Directorate for Priority Crime Investigation (Hawks), National Directorate of Public Prosecutions (NDPP) and the Zondo Commission on State Capture in order to recover stolen funds using criminal and civil processes. Eskom initiated legal action to recover unlawful payments made to Trillian in 2018, following a long-drawn process from 2017 when Eskom first served Trillian with a letter of demand that was later inexplicably withdrawn by previous management. Generation BRICS AFD and Eskom commit to a competitive electricity sector The Eskom Board has welcomed the judgement handed down by the Pretoria High Court last week where Trillian is required to pay back all the money they received from Eskom between August 2016 and February 2017. Read more: Ed’s Note: Is there a future for Africa’s largest power utility? Chairman of the Eskom Board Jabu Mabuza said: We welcome the judgement and look forward to receiving the money from Trillian. In addition, we urge all corporates who conducted business with Eskom illegally to come forward voluntarily so we can start the process of getting funds that were paid in the course of those assignments. The money was received in the absence of valid contracts and, in some cases, where no work was done, the parastatal confirmed in a statement. RELATED ARTICLESMORE FROM AUTHOR Finance and Policy Low carbon, solar future could increase jobs in the future – SAPVIA “Our resolve, together with management, to recover all ill-gotten gains from the period of what has become known as state capture at Eskom will persist until all money due to Eskom has been recovered.”  TAGSEskomSouth Africa Previous articleMozambique secures $420m grants for transmission upgradesNext articleA vibrant digital economy to accelerate Africa’s transformation Ashley TheronAshley Theron-Ord is based in Cape Town, South Africa at Clarion Events-Africa. She is the Senior Content Producer across media brands including ESI Africa, Smart Energy International, Power Engineering International and Mining Review Africa. Trillian is further required to pay for the costs of the application including costs of three counsel.  UNDP China, CCIEE launch report to facilitate low-carbon developmentlast_img

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