An oil blending and storage company secured deals to supply South Africa’s state power utility with fuel oil worth more than R15-billion at inflated prices by paying inducements, including donations to the ruling African National Congress (ANC), a forensic investigation has found. Econ Oil & Energy Ltd. allegedly won the contracts with the help of Thandi Marah, then senior manager of business enablement at Eskom Holdings SOC Ltd., who interfered in the tender processes, said legal firm Bowmans, which Eskom commissioned to conduct the probe. A copy of its final report dated Oct. 12 last year was seen by Bloomberg and confirmed by Eskom.
Eskom contracts swapped for party funding, probe finds
2021-04-08T10:25:04+01:00April 8th, 2021|