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Trillian massacre
Trillian massacre










The appeals court dismissed the application for leave to appeal late last month.Įskom CEO André de Ruyter said this case is one of many in which Eskom’s management will attempt to recoup money. When Trillian failed to pay after the October 2019 judgement, Eskom approached the court for the liquidation of Trillian entities and its sole director Eric Woods, but they opposed and approached the SCA to appeal the high court judgment. Trillian was linked to state-capture allegations due to its relationship with Gupta associate Salim Essa, who worked for the firm.

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Allegations later emerged that Trillian did not have a valid contract with McKinsey and that Eskom had been overcharged. Trillian was allegedly appointed as a sub-contractor by McKinsey as part of the latter’s development of a turnaround strategy for Eskom. McKinsey paid back more than R1bn, including interest, to the parastatal. The money was part of the R1.6bn payment in a contract Eskom had entered into with global consulting firm McKinsey in 2018. The court gave the entities five days to pay back the money, but it failed to do so. The move by Eskom comes after the Supreme Court of Appeal (SCA) dismissed the companies’ application for leave to appeal a 2019 judgment that set aside Eskom’s payment of about R600m to the Trillian entities, declaring it null and void. This means that the companies would be closed down and their assets sold to repay creditors.

trillian massacre

Eskom, in a bid to recover R600m looted from the power utility, will approach the high court in Pretoria this month to have Trillian Management Consulting and Trillian Capital Partners, liquidated.












Trillian massacre