South Africa
South Africa’s power utility ESKOM is set to receive cash from various companies suspected of embezzlement.
The latest move involves $103 Million to be paid by the Zurich engineering group ABB.
The amount is coming as a result of over payments in the construction of coal-fired electricity plants.
The South Africa’s authorities are probing various companied believed to have swindled funds from the power utility Eskom.
Authorities are also pursuing 4 other companies in relation to various irregularities with the ESKOM
The company was embroiled in numerous financial scandals during the tenure of the former president Jacob Zuma.
The government estimates that more than 32.8b dollar was looted from the state, much of it from government firms while Zuma was in power.
President Cyril Ramaphosa came to power three years ago with a pledge to clamp down on state corruption that became rampant under former President Jacob Zuma’s nine-year rule.
02:33
Navi Pillay calls for action, not words, to defend international justice
01:56
Environmentalists protest at African Energy Week in Cape Town
00:58
South Africa deputy police chief resigns amid corruption probe
01:00
Pix of the Day, 12 October, 2026 - Across the world
00:57
Zuma’s hospitalisation raises questions over MK party election campaign
01:16
Navi Pillay dedicates Nobel Prize to survivors of international crimes