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The ‘Big Four’ audit firms – Deloitte, EY, KPMG and PwC – all play a systemic role in economic crimes and State Capture. The evidence suggests that these firms have prioritised profit over professional duties and the law. Accountability and reform of the industry are thus essential.
Eskom’s payout to the transnational consulting company McKinsey and Co and its BEE partner, Gupta-linked company Trillian Management Consulting (TMC), as well as the involvement of Eskom’s former group CEO, Matshela Koko, were at the centre of proceedings at the State Capture Commission on Tuesday. Koko was making his sixth appearance before Deputy Chief Justice Raymond Zondo, this time to testify after former Trillian financial advisory CEO Mosilo Mothepu implicated him as the lead negotiator in the awarding of an Eskom contract to TMC and McKinsey. Koko denied all claims linking him to ...
Daniels told the commission’s chairperson Deputy Chief Justice Raymond that in 2016 then acting Eskom CEO Matshela Koko had a list of transactions with projections of revenue to be extracted from Eskom. Daniels said Koko had said he was given the list by his “principals”, which she understood to mean the Eskom board. However, she rejected Koko’s testimony that the list, which included items such as “online vending cash unlock”, a supplier contract for Duvha power station unit three, IT support services, and a BEE partner for coal supplier Anglo American, was prepared by the board....
The Liberia Electricity Regulatory Commission (LERC) has issued six different licenses to Liberia Electricity Corporation after the state power operator had met its license criteria. The licenses issued are intended to control the flow of power and energy on Liberia’s Interconnected Transmission System (LITS); as well as the transmission for operating the high voltage networks. Processing of licenses was done in agreement with the statutory body created by the 2015 Electricity Law of Liberia (ELL) to oversee and regulate the electricity sector. The act began operation in 2018. The LERC is...
Tehillah Niselow Share Johannesburg- As former Eskom chief financial officer (CFO) Anoj Singh’s testimony in Parliament continued into the late hours of the night, questions were raised about his denials that he was ever aware of wrongdoing at the power utility. “You have to look at governance procedures - the board has to have faith in three key individuals: the CEO, the CFO and usually the chief operations officer,” Khaya Sithole, a chartered accountant and analyst, commented to Fin24. Sithole disputed Singh’s claims to the state capture inqui...