Magistrate in Koko, ABB corruption case failed to declare R14.3m in Eskom business

Acting magistrate Stanley Jacobs, who presided over and ultimately kicked out the Investigating Directorate's (ID) multimillion-rand corruption case against former Eskom executive Matshela Koko and others, allegedly failed to disclose his own business dealings with the power utility.

A News24 investigation can reveal that Jacobs is a director and shareholder of a company named BEP African Consulting; a company first registered in 2000. He resigned as a director in 2001 and was reappointed in 2008 and, according to company records, has remained a director to date.

According to internal Eskom accounting records News24 first obtained as part of The Eskom Files investigation, BEP was paid R14.3 million between December 2011 and July 2016 – a time that Koko and another of his co-accused, Frans Sithole, held senior positions at the power utility.