We want our money back from McKinsey & Trillian - Eskom

SOE says investigation's interim findings point to payments being unlawful

Eskom takes action to recover funds unlawfully paid to McKinsey and Trillian

Thursday, 05 October 2017Eskom sought McKinsey and Trillian’s cooperation in respectively returning R1-billion and R564-million which appears to have been unlawfully paid out in 2016 and 2017.

The interim findings from Eskom investigations, into the circumstances surrounding payments made to both the companies, point to certain decisions by Eskom, and resultant payments, as being unlawful,

Eskom is obliged, pursuant to its statutory and common law duties, including the PFMA (Public Finance Management Act) and the Companies Act, to seek to set aside these unlawful decisions and to have all the money unlawfully paid out returned.  Accordingly, Eskom wrote to each explaining the action it would take and requesting their cooperation in the matter.

Being such a critical entity, which is inextricably tied to the nation’s economy, it is in the public interest to do everything we can as Eskom to claw back all the fees which were unlawfully paid, while expediting the disciplinary processes currently underway.

Statement issued by Eskom, 5 October 2017