Koko won't challenge ruling on Eskom, ABB settlement

PROCEDURAL VICTORY'

- LOYISO SIDIMBA AND MANYANE MANYANE

FORMER acting Eskom chief executive, Matshela Koko, will not challenge the ruling declining his bid to intervene in the R1.56 billion settlement agreement reached by the power utility and ABB South Africa.

The Gauteng High Court, Pretoria, last month dismissed with costs Koko's application to intervene in the matter in terms of an earlier judgment delivered in April last year.

At the time, the high court ordered any interested party who has a direct and material interest in its orders on the R1.56bn settlement to apply within 30 days of the last date of publication of the order for leave to intervene and describe the nature of their interest in the relief and the relief sought.

The court also ordered that interested parties must show cause, on a date and on such terms as it may determine after receipt of any application why the order should be altered, varied or rescinded.