- Eskom and accounting firm PwC have reached a settlement in a High Court case initiated by Eskom in 2021.
- The case aimed to set aside a cost reduction contract known as the “Capital Scrubbing engagement” and recover payments made to PwC and Nkonki.
A 2019 investigation found PwC’s consulting work at Eskom ‘patently unlawful and stupendously egregious’. Eskom initially sought R95 million in retribution from PwC.
This engagement was scrutinised by the Judicial Commission of Inquiry into Allegations of State Capture (commonly known as the Zondo Commission). Under the terms of the settlement, the disputed contract has been set aside, and PwC will pay Eskom a sum of R43 million in a full and final settlement of Eskom’s claim against PwC.
This settlement is a significant milestone in our ongoing action plans to enhance governance and accountability.
“Management’s commitment in dealing with cases arising from the findings of Zondo Commission has been instrumental in achieving this outcome, and it underscores our dedication to restoring integrity within Eskom,” said Eskom Group Chief Executive, Dan Marokane.
Author: Bryan Groenendaal
