{"id":37851,"date":"2022-09-30T16:26:26","date_gmt":"2022-09-30T16:26:26","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges"},"modified":"2022-09-30T16:59:13","modified_gmt":"2022-09-30T16:59:13","slug":"engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges","title":{"rendered":"Engineering giant ABB puts R6bn aside as provision for Kusile corruption charges"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>Swiss Engineering firm Asea Brown Boveri (ABB) says it has put aside $325 million (~R6 billion) as a provision to cover costs related to corruption probes at Kusile power station.<\/p>\n

On Friday, the Zurich-headquartered firm said it was cooperating fully with the authorities and “hopes to reach a final settlement with them in the near term”.<\/p>\n

ABB won a R2.2 billion contract for work at Kusile in 2015. Its subsequent subcontracting of some of the work out to a company called Impulse International is being probed by authorities.<\/p>\n

In July, two former South African ABB employees and their wives were arrested in connection with kickbacks allegedly paid by Impulse to ABB for inflated contracts.<\/p>\n

ABB South Africa has already paid back R1.56 billion as part of a settlement reached in 2020. At the time, it warned that it may have to pay more based on further reviews of its work at Eskom.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. Swiss Engineering firm Asea Brown Boveri (ABB) says it has put aside $325 million (~R6 billion) as a provision to cover costs related to corruption probes at Kusile power station. On Friday, the Zurich-headquartered firm said it was cooperating fully with the authorities and “hopes to reach a final settlement with them […]<\/p>\n","protected":false},"author":84,"featured_media":37850,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[3500,274,315,127,2079,275,391],"class_list":["post-37851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-abb","tag-africa-press","tag-africa-press-south-africa","tag-eskom","tag-kusile","tag-south-africa-2","tag-state-capture"],"yoast_head":"\nEngineering giant ABB puts R6bn aside as provision for Kusile corruption charges - South Africa<\/title>\n<meta name=\"description\" content=\"Swiss Engineering firm Asea Brown Boveri (ABB) says it has put aside $325 million (~R6 billion) as a provision to cover ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Engineering giant ABB puts R6bn aside as provision for Kusile corruption charges\" \/>\n<meta property=\"og:description\" content=\"Swiss Engineering firm Asea Brown Boveri (ABB) says it has put aside $325 million (~R6 billion) as a provision to cover ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-30T16:26:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-30T16:59:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/09\/postQueueImg_40-63372046afd8a.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"681\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Engineering giant ABB puts R6bn aside as provision for Kusile corruption charges\",\"datePublished\":\"2022-09-30T16:26:26+00:00\",\"dateModified\":\"2022-09-30T16:59:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges\"},\"wordCount\":174,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/09\/postQueueImg_40-63372046afd8a.jpg\",\"keywords\":[\"abb\",\"Africa Press\",\"Africa Press-South-Africa\",\"Eskom\",\"kusile\",\"South-Africa\",\"state capture\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges\",\"name\":\"Engineering giant ABB puts R6bn aside as provision for Kusile corruption charges - South Africa\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/09\/postQueueImg_40-63372046afd8a.jpg\",\"datePublished\":\"2022-09-30T16:26:26+00:00\",\"dateModified\":\"2022-09-30T16:59:13+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Swiss Engineering firm Asea Brown Boveri (ABB) says it has put aside $325 million (~R6 billion) as a provision to cover ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/09\/postQueueImg_40-63372046afd8a.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/09\/postQueueImg_40-63372046afd8a.jpg\",\"width\":1024,\"height\":681,\"caption\":\"Engineering giant ABB puts R6bn aside as provision for Kusile corruption charges\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/south-africa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Engineering giant ABB puts R6bn aside as provision for Kusile corruption charges\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#website\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/\",\"name\":\"South Africa\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/south-africa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Engineering giant ABB puts R6bn aside as provision for Kusile corruption charges - South Africa","description":"Swiss Engineering firm Asea Brown Boveri (ABB) says it has put aside $325 million (~R6 billion) as a provision to cover ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges","og_locale":"en_US","og_type":"article","og_title":"Engineering giant ABB puts R6bn aside as provision for Kusile corruption charges","og_description":"Swiss Engineering firm Asea Brown Boveri (ABB) says it has put aside $325 million (~R6 billion) as a provision to cover ...","og_url":"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges","og_site_name":"South Africa","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-09-30T16:26:26+00:00","article_modified_time":"2022-09-30T16:59:13+00:00","og_image":[{"width":1024,"height":681,"url":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/09\/postQueueImg_40-63372046afd8a.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Engineering giant ABB puts R6bn aside as provision for Kusile corruption charges","datePublished":"2022-09-30T16:26:26+00:00","dateModified":"2022-09-30T16:59:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges"},"wordCount":174,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/09\/postQueueImg_40-63372046afd8a.jpg","keywords":["abb","Africa Press","Africa Press-South-Africa","Eskom","kusile","South-Africa","state capture"],"articleSection":["all news","economy","homepage-english"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges","url":"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges","name":"Engineering giant ABB puts R6bn aside as provision for Kusile corruption charges - South Africa","isPartOf":{"@id":"https:\/\/www.africa-press.net\/south-africa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/09\/postQueueImg_40-63372046afd8a.jpg","datePublished":"2022-09-30T16:26:26+00:00","dateModified":"2022-09-30T16:59:13+00:00","author":{"@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Swiss Engineering firm Asea Brown Boveri (ABB) says it has put aside $325 million (~R6 billion) as a provision to cover ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges#primaryimage","url":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/09\/postQueueImg_40-63372046afd8a.jpg","contentUrl":"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2022\/09\/postQueueImg_40-63372046afd8a.jpg","width":1024,"height":681,"caption":"Engineering giant ABB puts R6bn aside as provision for Kusile corruption charges"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/south-africa\/all-news\/engineering-giant-abb-puts-r6bn-aside-as-provision-for-kusile-corruption-charges#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/south-africa\/"},{"@type":"ListItem","position":2,"name":"Engineering giant ABB puts R6bn aside as provision for Kusile corruption charges"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/south-africa\/#website","url":"https:\/\/www.africa-press.net\/south-africa\/","name":"South Africa","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/south-africa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts\/37851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/comments?post=37851"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/posts\/37851\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/media\/37850"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/media?parent=37851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/categories?post=37851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/south-africa\/wp-json\/wp\/v2\/tags?post=37851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}