Gordhan accuses Singh of 'bringing Eskom down to its knees'



CAPE TOWN - ANC MP Pavin Gordhan has accused former Eskom CFO Anoj Singh of bringing the power giant to its knees.

Former Finance Minister Gordhan said that major international investors refused to buy bonds from Eskom because of bad governance and rampant corruption.



He also rubbished Singh's progress report while he was at the power utility.

Singh was appearing before a Parliamentary inquiry into State Capture at Eskom, which continued until 1am on Wednesday morning.



Singh said that if required he would take accountability for his actions at the power utility.

"Sir, as I said before if there's accountability that needs to be taken, I will take it.", he said.



Gordhan responded that Singh should therefore take accountability for the downgrades at Eskom on his watch.

"Of course you must take accountability there've been downgrades on your watch, a liquidity problem on your watch you've been part of bringing Eskom down to its knees, the biggest utility on the African continent and fifth biggest in the world,you've been part of the team that's brought it to its knees," said Gordhan.

Singh also told the inquiry that he knew nothing about a R600-million pre-payment to Gupta-owned company Tegeta.



He insisted he was never consulted about the payment and was only asked to sign for it.

Responding to a question from ANC MP Zukile Luyenge, Singh told the Parliamentary committee

"Sir, I am indeed proud of what we achieved at Eskom, if we can refer the committee to ....in the 15/16 financial year....representing a 37percent increase....on the back of significant cost saving....liquidity was significantly improved....those were some of the highlights that we achieved in the two years while I was there," he said.

DA MP Natasha Mazzone questioned Singh on his decision to step down.



" Mr Singh, yesterday evening South Africa learned that you resigned could you tell me why?", said Mazzone 

Singh responded that he resigned because there was a requirement for him to be removed.



"It followed the announcements over the weekend...I was appointed at the behest of government. Over the weekend I got to understand that there was a requirement for me to be removed," Singh said.


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