Riyaz Patel
The State has recovered more than R2.1bn lost through contracts awarded irregularly to entities doing business with State-owned enterprises, according to Public Enterprises Minister Pravin Gordhan.
Gordhan was replying to a question from Inkatha Freedom Party (IFP) MP Elphas Buthelezi.
The IFP’s deputy president had asked about the interventions in place to recover the monies lost at State-owned companies (SOCs) within the public enterprises portfolio through State capture.
In his reply, Gordhan detailed that over R4.8bn has been lost through State capture.
“The rot within SOCs is deep but can be overcome,” Gordhan said.
Embattled state power-utility Eskom has so far recovered R902mn from McKinsey and a Gauteng High Court has ruled that another company Trillian repay the power entity R600mn to be used for the benefit of the country’s citizens, Gordhan said.
Furthermore, the Special Investigating Unit (SIU) has filed a court application on behalf of Eskom to
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