plundering | Radio 94.7 FM

The embattled South African Municipal Workers’ Union (Samwu) said on Wednesday that it has mandated its national office bearers to open criminal cases against other persons and companies involved in stealing money from the union account.

This as Samwu confirmed that the workers’ coffers had been plundered of almost R88 million in just three years and said that the report into this wide-scale plundering had been kept under wraps.

Samwu said the bank accounts had a combined balance of just more than R94.5 million by 3 November 2015, but this had drastically decreased and the union’s bank balance was over R6.2 million, and not the R538 which has been widely reported in the media.

“The special CEC has therefore resolved that the attorneys which have been implicated in the report should be removed from the union’s panel of attorneys and also be reported to the law society,” it said.

“Employees who have been im
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A Special Investigation Unit is currently investigation more than eleven contractors whom are suspected of robbing the power utility of billions of rand.

The contractors looted R130 billion from Eskom during the construction of the two new power stations, Medupi and Kusile as well as the Ingula power station.

From the so-called “inner circles” it is claimed that plundering at Eskom has been taken place since 2005, which partly explains why South Africa has ended up in a financial mess.

A spokesman said Eskom had been robbed of R170bn, of which R130bn was directly related to so-called contractors working at the different power plants.

Investigation is now being done to determine who has committed theft, and who worked within Eskom to benefit the thieves.

Read the original article in Afrikaans on Die Vryburger
This report does not necessarily reflects the opinion of SA-news.