South Africa’s power utility company, Eskom, and PricewaterhouseCoopers (PwC) have reached a settlement agreement, bringing an end to a high court case initiated by Eskom in 2021.
The case centered on a cost reduction contract known as the “Capital Scrubbing engagement” and sought to recover payments made to PwC and Nkonki.
Under the terms of the settlement, the disputed contract has been set aside, and PwC will pay Eskom R43 million in a full and final settlement of Eskom’s claim.
This agreement marks a significant milestone in Eskom’s efforts to enhance governance and accountability.
Eskom Group Chief Executive, Dan Marokane, emphasized the importance of this outcome, stating that management’s commitment to addressing cases arising from the Zondo Commission’s findings has been instrumental in achieving this result.
Looking ahead, Eskom will continue to focus on implementing generation recovery, strengthening governance, and tackling crime and corruption while future-proofing the organization to ensure energy security, growth, and long-term sustainability for South Africa and sub-Saharan Africa.
Source: https://energynewsafrica.com
Discover more from Energy News Africa
Subscribe to get the latest posts sent to your email.