BizNis Africa
Latest News
GIBB commits to growing women water entrepreneurs
GIBB, one of South Africa’s leading black-owned multi-disciplinary engineering...
SOUTH32 awards ZAR158 million Coal Contract to black-owned mining company
South32 has awarded a core mining contract to Broad...
Emira honoured by Investment Analysts Society for accurate financial reporting
Emira Property Fund is the winner of the Investment...
South African Auditor-General report indicates poor leadership practices
The local government audit outcomes report for the 2015-16...
Billions held in impact investments in Africa
The 2016 African Investing for Impact Barometer shows that...
How to re-define the future of Real Estate in Africa
Researchers predict that in 2030, Lagos, Cairo and Kinshasa...
Mercer – Cape Town ranks amongst 15 cheapest cities to live in globally
In a rapidly changing world, mobility has become a...
Mastercard Foundation appoints three new Board of Directors members
The MasterCard Foundation today, 21 June 2017, announced the...
Ansys revenue grew by 70% to ZAR806 million
Ansys Limited has today, 21 June 2017, announced its...
Atterbury joins forces with IULIUS
Atterbury Europe has entered into a 50/50 joint venture...

Matshela Koko, Eskom Group Interim CEO

Submit Press release

Fill in the form and we will deliver the car for you to test drive.

The Board of Eskom has noted with grave concern the release of the South African National Treasury report, to various stakeholders, prior to Eskom’s opportunity to provide comment.

The utility asserted that the Minister of Finance had made a commitment to afford Eskom an opportunity to provide comment on the investigation, in a letter dated 31 January 2017.

But this did not materialise.

In its announcement, Eskom sought to dispel certain sticking allegations.

It vehemently denied the contention that Eskom and, in particular, its Chairman and erstwhile Group Chief Executive misled or lied to Parliament, noting that this allegation was not founded on the truth.

Eskom elaborated that the contract between Eskom and Tegeta was negotiated before the appointment of Brian Molefe and the current Eskom Board.

Therefore, neither Molefe, nor Dr Ngubane were involved in the approval of this contract.

Generally, when Eskom discovers that a coal supplier is not supplying the required coal quality consistent with the contractual obligations, the utility investigates.

In relevant circumstances, Eskom allows the mine to implement remedial action.

However, as a precautionary measure, Eskom suspends the offtake from the affected mine in order to investigate the root cause of the inconsistencies in the coal quality management process.

When a suspicion of the out of specification coal stock piles arose from July-August 2015, Tegeta was placed on suspension on 31 August 2015 to allow Eskom to investigate the coal quality issues.

The results of the investigation indicated that the coal quality received was within the contractual specifications and the suspension was lifted upon assessment of the coal qualities.

Circumstances can sometimes differ in these cases.

For instance, when Just Coal CC, the majority coal supplier to Tutuka Power Station, was found to have been delivering inferior coal, consistently, Eskom placed Just Coal in breach of its contractual obligations and requested additional technical information.

Eskom afforded Just Coal until 23 March 2017 to provide the technical information and remedy the breach. Just Coal has failed to do so and Eskom has subsequently cancelled its contractual relationship with Just Coal.

Titled Report on the verification of compliance with SCM legal framework – appointment of Tegeta Exploration and Resources (Pty) Ltd, the report makes conclusions and sets out remedial actions to be undertaken by specific individuals and offices.

The utility said that they have been given until 21 April 2017 to provide comments on the report.

The Board has, to this end, been asked to work in consultation with the Office of the Chief Procurement Officer.

Eskom further indicated that it is not at liberty to make public any detailed public comment on the contents of the report given the fact that it is currently undertaking a certain prescribed procedure, as per the requirements of the report.

Leave a Reply

Ver peliculas online

Fill in your details below and we will secure you a free test drive, delivered to you.

Fill in your details below and we will secure you a free test drive, delivered to you.

%d bloggers like this: