Eskom admits payment to Gupta linked company
Power Utility Eskom, has admitted it has paid almost R500 million in consultancy fees to a company linked to the Gupta family.
The admission comes two months after the utility denied it had any links to Trillian Capital Partners.
The company is reportedly owned by an associate of the Guptas, Salim Essa.
This was revealed at the release of the power utility's annual financial report.
Acting baord chairperson, Zethembe Khoza, says they didnt sign a contract with Trillian.
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"Trillian was a subcontractor to Mckinsey South Africa when Eskom was asked to pay them directly. The total amount paid to Trillian was R495 million and Mckinsey was paid about R900 million with a total value of the master service agreement to the value of R1.4 billion," says Khoza.
He says the payments will be investigated.
"Eskom has decided to commission an independent review that will focus on Trillian's role and other consulting firms in general around the work they performed for the company," says Khoza.