Eskom Media Release

OUTA wants credible investigation into Eskom’s CFO

The Organisation Undoing Tax Abuse (OUTA) welcomes the suspension of Eskom CFO Anoj Singh and calls for a genuine investigation into his activities.

“Hopefully we’re turning the corner,” says Ted Blom, OUTA’s Portfolio Director on Energy.

But it’s not a quick fix, warns Blom. “The corruption goes right down to power station level, there’s a lot of work ahead.”
OUTA would welcome the opportunity to assist in a clean up of Eskom.

“Suspended, retired, resigned, retrenched? Only time will tell,” says Ben Theron, OUTA’s Chief Operations Officer.
“We need a genuine, credible investigation into Eskom not a cover up.”

Singh’s suspension follows the recent release of Eskom’s disastrous annual report, which included a qualified audit opinion.

The Times reported that Singh was suspended after the Development Bank of South African threatened to recall its R15 billion loan if no action was taken against Singh and other Eskom officials responsible for the qualified audit opinion.

On Tuesday, OUTA briefed the Portfolio Committee on Public Enterprises about Eskom’s involvement in state capture and raised concerns about the R3 billion in irregular expenditure in Eskom’s annual report – which merited merely a footnote in the report – and the huge and unexplained increase over the years in costs in power station construction.

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