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Cape Town - A roundup of Tuesday's must-read financial and economic news.
Former Eskom CFO Anoj Singh grilled at Eskom Inquiry
Former Eskom CFO Anoj Singh was grilled over a R2.1bn fine for Optimum Coal Mine which was squashed when the Eskom Inquiry resumed on Tuesday afternoon.
Eskom announced in a statement on Monday night that the new board had accepted Singh’s resignation.
The inquiry by Parliament’s Portfolio Committee on Public Enterprises is investigating the mismanagement of state funds at Eskom.
- READ: Eskom Inquiry resumes
Singh was suspended by the power utility in September 2017, after being placed on special leave at the end of July, Fin24 reported. This came following allegations that he was involved in irregularly awarding contracts to Gupta-linked businesses, and also received gifts and trips from the controversial family.
The Organisation Undoing Tax Abuse (OUTA) issued a statement on Tuesday, calling for Singh not to be allowed to avoid being held to account. The civil rights organisation wants to see him lose his accounting licence and even called for a jail sentence.
READ: Anoj Singh should lose licence, go to jail - OUTA
Hawks probing suspected criminal corruption at Transnet
Priority crime investigating unit the Hawks is probing at least four separate potential criminal matters related to alleged corruption at Transnet.
Acting Hawks head Yolisa Matakata told parliamentary watchdog the standing committee on public accounts (Scopa) that it is also investigating matters related to “state capture” at Transnet.
The committee is meeting to probe corporate governance at the state-owned enterprise, as well as quiz the board as to why it didn't show up to give evidence at a previous committee meeting.
Koko washes hands of Trillian
Under-fire Eskom executive Matshela Koko on Tuesday hit back at suspended Eskom company secretary and head of legal Suzanne Daniels, saying she had spearheaded controversial payments to global consultancy firm McKinsey and Gupta-linked Trillian.
Brown might 'rotate' Transnet's board
Minister of Public Enterprises Lynne Brown on Tuesday said she would consider changing the board of state-owned enterprise Transnet, just three days after Eskom's board changed.
Brown was speaking at a meeting of Scopa.
The committee met on Tuesday to probe corporate governance and the awarding of contracts at the state-owned enterprise. It also quizzed the board as to why it didn't show up to give evidence at a previous committee meeting on December 6 2017.
Horse selling agent wants R1m from Jooste firm
Mayfair Speculators, the company used by Markus Jooste to conduct his horse racing interests, has been accused by a horse selling agent of withholding a commission.
