Power parastatal Eskom has recently partnered with the Special Investigating Unit (SIU) to battle corruption.
“All of us are making it a strategic imperative that Eskom needs to be a high-performance enterprise. Our collaboration together with the SIU will allow us to to accomplish this, and moreover will guarantee that Eskom is ethical, well governed and possesses suitable fraud detection and prevention measures in place,” Eskom’s CEO Brian Dames explained.
Through the partnership between Eskom together with the SIU – which happens to be formulated by statute – Dames pointed out that each and every loophole that is uncovered is going to be shut down and this includes criminal prosecution in cases where it is warranted. The alliance will run over time span of no less than three years.
Eskom stated the partnership was in fact in line with its responsibility to government’s anti corruption initiatives.
Leader of the SIU Willie Hofmeyr stated the parastatal seems to have exhibited it’s determination to do something about corruption and maladministration situations. “This sort of ground breaking collaboration to develop capacity to combat corruption is critical if we are planning to do something about corruption effectively and efficiently,” he was quoted saying.
The terms of the contract are now being finalised between the two based on which the SIU is going to set up a team of specialist investigators to undertake a systematic investigation of all Eskom’s divisions.
A primary emphasis of the investigation will most likely be probity assessments on Eskom’s procurement agreements. The utility invests R90 billion annually on purchasing goods and services, and this includes its capital investment programme.
The investigation will look to uncover and expose any kind of corrupt practices and also conflicts of interest. Dames claimed this certainly will reinforce and improve the company’s internal audit function. “All of us expect it will eventually play a role in the reputation we are developing for honesty, efficiency and transparency,” said Dames.
“A suitable application for a proclamation by the President happens to be in progress and, once gazetted, will confer special investigative powers on the SIU engagement,” said Eskom.