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.
Note: Gupta leaks email shows travel plans from a Sahara email address for pick up at the Oberoi in Dubai. Adv Vanara is now producing it for Singh to look at. Gulp. #EskomInquiry— Annika Larsen (@AnnikaLarsen1) January 23, 2018
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.
These numerous trips to Dubai referred to by Mr Singh, most of them private. I presume he took leave from Eskom for these trips? If not, that would be another breach of the PFMA. Some of these trips were paid for by his friend in Dubai. Why? He earns a huge salary.— Derek Hanekom (@Derek_Hanekom) January 23, 2018
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.
BREAKING NEWS: Deputy President Cyril Ramaphosa is adamant a new Eskom board must be announced before he leaves for Davos on Sunday. pic.twitter.com/mwERB4QXH5— eNCA (@eNCA) January 20, 2018
" 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.
The #Eskom board is directed to immediately remove all Eskom executives who are facing allegations of serious corruption and other acts of impropriety, including Mr Matshela Koko and Mr Anoj Singh.— South African Government (@GovernmentZA) January 20, 2018
"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.