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Eskom’s payout to the transnational consulting company McKinsey and Co and its BEE partner, Gupta-linked company Trillian Management Consulting (TMC), as well as the involvement of Eskom’s former group CEO, Matshela Koko, were at the centre of proceedings at the State Capture Commission on Tuesday. Koko was making his sixth appearance before Deputy Chief Justice Raymond Zondo, this time to testify after former Trillian financial advisory CEO Mosilo Mothepu implicated him as the lead negotiator in the awarding of an Eskom contract to TMC and McKinsey. Koko denied all claims linking him to the settlement agreement signed apparently as compensation for the termination of their consulting contract. ....
Daniels told the commission’s chairperson Deputy Chief Justice Raymond that in 2016 then acting Eskom CEO Matshela Koko had a list of transactions with projections of revenue to be extracted from Eskom. Daniels said Koko had said he was given the list by his “principals”, which she understood to mean the Eskom board. However, she rejected Koko’s testimony that the list, which included items such as “online vending cash unlock”, a supplier contract for Duvha power station unit three, IT support services, and a BEE partner for coal supplier Anglo American, was prepared by the board. There were notes on the document, which evidence leader Pule Seleka said Koko had conceded were in his handwriting, including next to Project Libra – the Anglo coal supply – that states “give me a fixed price, I’ll find the (BEE) partner”. The note added “TBC”, which Daniels believed to mean price to be confirmed. ....