Maritz signed billion rand loan agreement despite board reservations | IOL News

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The Zondo commission has heard how former Eskom interim CEO Sean Maritz signed a long term billion rand facility agreement with a Chinese consortium even after Eskom board expressed reservations about the deal.

Johannesburg - The Zondo commission has heard how former Eskom interim CEO Sean Maritz signed a controversial long term billion rand facility agreement with a Chinese consortium even after Eskom board expressed reservations about the deal.

"Maritz returned from Cape Town and said he was prepared to sign. He had sent an email to the CFO asking why we were not signing the deal. He then signed a long-term facility and not a short-term facility. The deal would have committed Eskom to pay about $19 million, which amounts to over R200 million, immediately after the deal was signed. Pillay said the invoice was sent by Hourang after the deal was signed.

 

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