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Real Economy News in Real Time
R/€ = 15.53 Change: 0.01
R/$ = 13.91 Change: -0.05
Au 1424.70 $/oz Change: -3.00
Pt 850.64 $/oz Change: 0.16
 
 
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High Court orders Trillian to pay back Eskom R595m

18th June 2019 BY: News24Wire

Trillian Capital Partners has been ordered to pay back Eskom almost R595-million by the High Court in Pretoria. 

The ruling was handed down on Tuesday. 

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Approached for comment, Eskom said it would need to refer to its legal team for more information. 

The court ruled that payments from the State-owned power utility to Trillian were "unlawful and invalid". 

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Eskom launched a bid to set aside the payments to global consultancy McKinsey and Trillian in March 2018. 

McKinsey apologised and paid back R902-million to Eskom in early July 2018.  

EDITED BY: News24Wire
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