×

We've got news for you.

Register on SowetanLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Eskom contractor ABB agrees to pay back R1.6bn for 'over-payments'

Construction company ABB SA has committed to pay back nearly R1.6bn to Eskom.
Construction company ABB SA has committed to pay back nearly R1.6bn to Eskom.
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 chairperson 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.

TimesLIVE


Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.