Friday,
20 March 2020: Eskom
and Deloitte Consulting are pleased to announce that they have reached a
settlement in a legal dispute and that the agreement will be made an order of
court in due course. The agreement reached today resolves an outstanding
dispute between the parties over services provided by Deloitte Consulting to
Eskom from April 2016 to September 2017.
In
terms of the agreement, Deloitte Consulting will repay an amount of R150
million to Eskom, representing a portion of the original fees invoiced, in full
and final settlement of the matter. The settlement amount was determined after
extensive negotiation between the parties in order to avoid protracted and
costly litigation.
The
parties further agreed:
1.
Investigations
completed by Eskom and Deloitte showed no evidence of state capture or
corruption;
2.
Eskom
benefited from the services that Deloitte Consulting rendered during the period
of engagement, and Eskom continues to benefit from these services;
3.
There
were technical irregularities within the procurement process, and Deloitte
Consulting accepts that it participated in this irregular procurement process;
and
4.
Deloitte
Consulting is entitled to compensation for the value it delivered to Eskom.
For enquiries kindly contact
Deloitte on the following details:
Tel: 011 209 8213/
Cellphone: 082 389 2443
OR
Eskom Media Desk
ENDS
Kind regards,
Eskom Media Desk
Tel: +27 11 800 3304 / 3433 / 5944 / 6050 / 6103
Fax-to-Email: 086 664 7699