Eskom Holdings plans to cancel a contract to buy as much as R14-billion of fuel oil from Econ Oil & Energy, after a probe it commissioned found Econ’s fees had been inflated, a person familiar with the situation said. Nothemba Mlonzi, a director at Econ Oil, declined to comment because she said the matter is a legal dispute, without elaborating whether any legal proceeding has been filed. The company is a black women-owned business that supplies fuel oil to clients in a number of industries, according to its website. The process of canceling the contract began earlier this month, following completion of the report.
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