Information gleaned by forensic investigators from Bowman Gilfillan‚ which assisted Eskom in its prosecution of Koko‚ show that between December 5 and 7 2015 he received and commented on four versions of proposed initiatives from Regiments to unlock cash for Eskom and optimise its balance sheet.
E-mails lifted from disgraced former Eskom executive for generation Matshela Koko’s laptop show how he helped hatch a plan to sell off Eskom Finance Company’s loan book‚ valued at between R6-billion and R8-billion‚ to a finance house.
The e-mails show Koko was discussing financial initiatives with Regiments Capital employees‚ including Eric Wood‚ who would later leave to form the then Gupta-linked Trillian.
Koko’s documents show McKinsey and Regiments would earn 10% of the sale price of the loan book as commission. It is unclear why the plan did not go ahead.
EFC is a subsidiary of Eskom. Its mandate is to offer loans for employees for home finance and education‚ among others.