By Thapelo Molefe
The Special Investigating Unit (SIU) has secured a preservation order from the Special Tribunal freezing 17 immovable properties valued at R76.5 million and seven luxury vehicles linked to businessman Siyabonga Nkosi and associated trusts in an Eskom-related corruption investigation.
The order, granted by Judge BM Ngoepe, bars the sale, transfer, or concealment of the assets while the SIU pursues legal steps to set aside irregular contracts and recover public funds allegedly lost through procurement fraud.
According to the SIU, the investigation was authorised under Proclamation R.80 of 2022 and focuses on procurement irregularities at Eskom’s Kusile and Matla power stations between 2021 and 2023.
The SIU said Eskom officials manipulated procurement processes involving relay equipment, which is used to ensure the stability and operation of power stations.
Instead of transparent purchasing, officials allegedly approved inflated and irregular purchase orders that enabled excessive payments for goods that were
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