Eskom probes possible oil collusion

Utility calls out 'serious element of potential conflict'

26 September 2021 - 00:00 By SABELO SKITI

Eskom's procurement office is investigating possible collusion and anti-competitive behaviour in a multibillion-rand fuel oil tender after learning that two of its suppliers - which together have earned billions from the power utility - are part-owned by the same person.

According to internal Eskom tender documents seen by the Sunday Times, FFS Refiners and Kepu Trading - both part-owned by businessman Mkhuseli Faku - have earned just under R5bn from Eskom for supplying different grades of heavy fuel oil between October 2018 and March 2021...

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