{"id":97589,"date":"2026-04-21T14:54:10","date_gmt":"2026-04-21T14:54:10","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/siu-freezes-r76-5-million-in-eskom-syndicate-assets"},"modified":"2026-04-21T15:18:49","modified_gmt":"2026-04-21T15:18:49","slug":"siu-freezes-r76-5-million-in-eskom-syndicate-assets","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/siu-freezes-r76-5-million-in-eskom-syndicate-assets","title":{"rendered":"SIU Freezes R76.5 Million in Eskom Syndicate Assets"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; South-Africa. <\/strong><\/span>The Special Investigating Unit (SIU) has successfully frozen assets valued at R76.5 million linked to businessman Siyabonga Moses Goodwill Nkosi and his network of trusts.<\/p>\n<p>This marks a significant step in the ongoing effort to recover funds lost to state-owned entity mismanagement.<\/p>\n<p>The preservation order, granted by the Special Tribunal, covers 17 immovable properties and 7 luxury vehicles. The order serves as a preventative measure, ensuring that these high-value items cannot be sold, transferred, or concealed while the SIU continues its comprehensive investigation into the matter.<\/p>\n<p>The probe uncovered widespread procurement irregularities at Eskom\u2019s Kusile and Matla power stations between 2021 and 2023. These irregularities have raised serious concerns regarding the internal controls and oversight mechanisms present at these critical infrastructure sites during that period.<\/p>\n<p>SIU spokesperson Selby Makgotho stated that officials allegedly approved inflated purchase orders for equipment essential to the operations of the power stations.<\/p>\n<p>&#8220;Instead of delivering reliable service, Nkosi\u2019s companies delivered invoices. Eskom officials signed off on contracts that priced relays at R50,000 each, when the market price was between R180 and R450. This manipulation resulted in a direct financial loss of R73.6 million to Eskom.&#8221;<\/p>\n<p>By artificially hiking prices, those involved were able to siphon off millions in state funds that were originally earmarked for power generation stability.<\/p>\n<p>The SIU remains committed to holding those responsible for the depletion of Eskom&#8217;s resources accountable through both civil and criminal litigation.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">South-Africa<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. The Special Investigating Unit (SIU) has successfully frozen assets valued at R76.5 million linked to businessman Siyabonga Moses Goodwill Nkosi and his network of trusts. This marks a significant step in the ongoing effort to recover funds lost to state-owned entity mismanagement. The preservation order, granted by the Special Tribunal, covers 17 [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":97588,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,12],"tags":[275],"class_list":["post-97589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-policy","tag-south-africa-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SIU Freezes R76.5 Million in Eskom Syndicate Assets - South Africa<\/title>\n<meta name=\"description\" content=\"The Special Investigating Unit (SIU) has successfully frozen assets valued at R76.5 million linked to businessman Siyabo ...\" \/>\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\/siu-freezes-r76-5-million-in-eskom-syndicate-assets\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SIU Freezes R76.5 Million in Eskom Syndicate Assets\" \/>\n<meta property=\"og:description\" content=\"The Special Investigating Unit (SIU) has successfully frozen assets valued at R76.5 million linked to businessman Siyabo ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/siu-freezes-r76-5-million-in-eskom-syndicate-assets\" \/>\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=\"2026-04-21T14:54:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-21T15:18:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2026\/04\/sm_1776772071.368268.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\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=\"2 minutes\" \/>\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\/siu-freezes-r76-5-million-in-eskom-syndicate-assets#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/siu-freezes-r76-5-million-in-eskom-syndicate-assets\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"SIU Freezes R76.5 Million in Eskom Syndicate Assets\",\"datePublished\":\"2026-04-21T14:54:10+00:00\",\"dateModified\":\"2026-04-21T15:18:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/siu-freezes-r76-5-million-in-eskom-syndicate-assets\"},\"wordCount\":253,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/siu-freezes-r76-5-million-in-eskom-syndicate-assets#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2026\/04\/sm_1776772071.368268.jpg\",\"keywords\":[\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/siu-freezes-r76-5-million-in-eskom-syndicate-assets#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/siu-freezes-r76-5-million-in-eskom-syndicate-assets\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/siu-freezes-r76-5-million-in-eskom-syndicate-assets\",\"name\":\"SIU Freezes R76.5 Million in Eskom Syndicate Assets - 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