Wednesday, 29 January 2025: Eskom and PricewaterhouseCoopers (PwC) have reached a settlement in a high court case initiated by Eskom in 2021. The case aimed to set aside a cost reduction contract known as the “Capital Scrubbing engagement” and recover payments made to PwC and Nkonki.
This engagement was scrutinised by the Judicial Commission of Inquiry into Allegations of State Capture (commonly known as the Zondo Commission).
Under the terms of the settlement, the disputed contract has been set aside, and PwC will pay Eskom a sum of R43 million in a full and final settlement of Eskom’s claim against PwC.
This settlement is a significant milestone in our ongoing action plans to enhance governance and accountability.
“Management’s commitment in dealing with cases arising from the findings of the Zondo Commission has been instrumental in achieving this outcome, and it underscores our dedication to restoring integrity within Eskom,” said Eskom Group Chief Executive, Dan Marokane.
Eskom will continue to focus on implementing generation recovery, strengthening governance, and tackling crime and corruption while future-proofing the organisation to enable energy security, growth, and long-term sustainability to the benefit of South Africa and sub-Saharan Africa.
About Eskom and Electricity – Debt: The company has faced significant debt challenges, exceeding R400 billion.
Pinball Wizard
Growing population and insufficient status quo – Currently water and electricity coverage, along with housing, waste management, infrastructure and health care is insufficient to meet the needs of the South African population. The population growth and urbanization in South Africa will amplify current demand in the future, and the gaps hold business opportunities for Danish companies.