Eskom to file for Trillian liquidation to claw back state capture millions
Eskom CEO André de Ruyter says utility has moral duty to do everything it can to claw back the monies illegally paid out during the height of state capture.
Eskom CEO André de Ruyter says utility has moral duty to do everything it can to claw back the monies illegally paid out during the height of state capture.
The Old Mutual share price jumped on news that its board has decided to fire its CEO Peter Moyo.
Ryk de Klerk probes the possibility that insider trading had taken place during Nenegate and how the perpetrators could have managed to avoid detection.
Details are unfolding on how Jacbo Zuma’s friends used financial instruments to suck billions of rands out of Transnet.
Professional services consultancy McKinsey is in the headlines again in connection with unethical – and illegal – business behaviour.
Eric Wood, who calls himself South Africa’s greatest trader, is fighting to keep money that his company, Trillian, siphoned out of Eskom together with consultancy McKinsey.
South African lawmakers have accused McKinsey of possible criminal wrongdoing in a report that condemns the consultant’s work for power utility Eskom.
The suspended chief financial officer of South Africa’s cash-strapped power utility resigned a day before he’s due to face a parliamentary inquiry on mismanagement of funds.
Eric Wood, the Gupta ally in the middle of the Trillian Capital Partners scandal, is feeling the sharp end of this reality as his actions get exposed in court.