Construction company ABB SA has committed to pay back nearly R1.6bn to Eskom for "over-payments" made on contracts with the power utility.
The payment will be made within 14 days of the settlement agreement being signed.
Interim Eskom chairman Malegapuru Makgoba said this amount was subject to court approval.
“This is the beginning of the story of recovering money stolen through corrupt means,” said Makgoba.
The announcement was made at a joint briefing on Friday afternoon.
This is a developing story.
BREAKING | Eskom contractor ABB agrees to pay back R1.6bn for 'over-payments'
Reporter
Image: 123rf.com/ginasanders
Construction company ABB SA has committed to pay back nearly R1.6bn to Eskom for "over-payments" made on contracts with the power utility.
The payment will be made within 14 days of the settlement agreement being signed.
Interim Eskom chairman Malegapuru Makgoba said this amount was subject to court approval.
“This is the beginning of the story of recovering money stolen through corrupt means,” said Makgoba.
The announcement was made at a joint briefing on Friday afternoon.
This is a developing story.
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Trending Now
Latest Videos