de Ruyter
Boardroom Talk
Boardroom Talk – De Ruyter’s book (and SA) gets an Econ Oil test in the Competition Tribunal
André de Ruyter uncovered many issues in his bestseller. And despite what his detractors suggest, he provided plenty names.
By Alec Hogg
Former Eskom CEO André de Ruyter uncovered many really ugly issues in his recently published bestseller. And despite what his detractors suggest, he provided plenty names. One of them was BEE intermediary Econ Oil which, during 15 years to 2018, received a staggering R16bn from Eskom for fuel oil sourced from third parties.
In chapter eleven, Milked by the Middlemen, De Ruyter explains how a (full-time) senior Eskom procurement official, Thandi Marah and her acquaintance Nothemba Mlonzi got into the business by delivering fuel to Sasol. The company showed them how to operate as a conduit for the product, so Sasol could fulfil BEE requirements.
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