News24 | Hawks raid City Power Joburg HQ in R500m corruption investigation

Under fire City Power CEO Tshifularo Mashava.

The Hawks have raided City Power’s Johannesburg headquarters as part of an investigation into alleged fraud and corruption worth more than R500 million at the municipal entity.

News24 has seen the investigation’s internal documents, which show that Tshifularo Mashava, the City of Johannesburg-owned company’s CEO, is the Hawks’ main target in connection with the procurement corruption investigation.

On Friday, law enforcement officers seized IT equipment and documents related to alleged tender-related graft, including gross inflation of prices and the payment of contractors for work not done, as detailed in the investigation documents.

Mashava has been at the helm of the municipal entity since June 2022.

During her tenure, she oversaw what the Auditor-General flagged as financial mismanagement and a collapse of the City’s electricity grid, which left City Power with a negative R16.3-billion bank balance as at 30 September 2024.

An ongoing News24 investigation titled Power Connections also unearthed that the alleged mismanagement resulted in City Power making a R2.8-billion loss in the 2023/24 financial year ending 30 June 2024.

This is a developing story.

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