AfriBusiness approaches AG re corrupt power contract
14 May 2015
AfriBusiness will put a formal request to the Auditor-General (AG) tomorrow, to institute a probe into the multimillion-rand contract between the Tshwane Metro Municipality and Peu Capital.
This comes after the Metro Council announced that the contract will be cancelled, after about one billion rand had already been wasted on it.
According to conservative calculations, the contract – at the moment - costs taxpayers in the Tshwane Metro more than R1,2 billion per year, while it still made no difference to the Metro's ability to put a stop to the non-payment of electricity.
The Legal Representative for AfriBusiness, Willie Spies, said AfriBusiness will continue with its proceedings against the Metro and Peu Capital. “The last thing we want is the replacement of a corrupt contract with a corrupt cancellation that’ll cost taxpayers so dearly.”