“The Eskom team adjudicating one of the largest tenders for the new power stations showed a distinct lack of due diligence… Chancellor House was ultimately rewarded with R97-million for greasing Hitachi’s path to the tender. Chancellor House was ultimately rewarded with R97-million for greasing Hitachi’s path to the tender Hitachi’s black economic empowerment partner was Chancellor House, the ANC’S investment firm. Initially the tender had been won by the French company Alstom, but rival bidder Hitachi didn’t take the loss lying down. He is referring specifically to a Hitachi tender for boilers at Medupi and Kusile which should have been disqualified for a number of irregularities, but which was hurried through in only two weeks. In Truth to Power, published on Sunday, three months after being sacked as Eskom CEO, André de Ruyter writes that decisions taken in 2007 will haunt South Africa for years to come.
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