According to Snehal Nagar, who oversees the financials in the utility’s primary energy division, his team was given about an hour-and-a-half to push through a controversial half-a-billion-rand payment to the Guptas on April 13 2016.
Eskom’s corporate funding specialist, Sincedile Shweni, also described how the state utility flouted its own processes when it accepted a $2bn loan agreement from Chinese-based business Huarong Energy Africa.
On Thursday, the National Energy Regulator of SA announced that South Africans will pay 9.41% more for electricity in 2019/20.
WATCH LIVE | Eskom in spotlight again at state capture inquiry
Editor's Note: This livestream is due to begin at 9.30am
Eskom continues to be the focus of the Zondo Commission of Inquiry into State Capture as it resumes on Friday.
Gert Opperman, a contract manager at Eskom’s primary energy division, is set to testify.
This week, the commission heard how senior officials were “fooling the system” when a R659m prepayment was issued to the Gupta-owned Tegeta Exploration and Resources in 2016.
According to Snehal Nagar, who oversees the financials in the utility’s primary energy division, his team was given about an hour-and-a-half to push through a controversial half-a-billion-rand payment to the Guptas on April 13 2016.
Eskom’s corporate funding specialist, Sincedile Shweni, also described how the state utility flouted its own processes when it accepted a $2bn loan agreement from Chinese-based business Huarong Energy Africa.
On Thursday, the National Energy Regulator of SA announced that South Africans will pay 9.41% more for electricity in 2019/20.
MORE
How Eskom officials 'fooled the system' to pay R659m for Gupta coal
Eskom did not follow correct processes for $2bn Chinese loan, state capture inquiry told
Bosasa did not fund SABC 8 media freedom campaign - Deloitte
Top ANC MP comes clean on minister's Watson invite
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Most read
Latest Videos