From: Deborah Chapman Deborah@kris.co.

za
Subject: RE: Media queries Stefanutti Stocks, Eskom Kusile project | Response from Stefanutti Stocks
Date: 22 November 2019 at 09:24
To: Pieter-Louis Myburgh plm@dailymaverick.co.za

Thanks Pieter-Loius – I appreciate the response.

Kind regards,
Deborah Chapman

Keyter Rech Investor Solutions CC

Fountain Grove Office Park, No 5 2nd Road, Hyde Park
Block 2, 1st Floor
Tel: 087-351-3816
Mobile: 076 650 4155
deborah@kris.co.za
www.kris.co.za

From: Pieter-Louis Myburgh <plm@dailymaverick.co.za>

Sent: Friday, 22 November 2019 9:23 AM
To: Deborah Chapman <Deborah@kris.co.za>
Subject: Re: Media queries Stefanutti Stocks, Eskom Kusile project | Response from Stefanutti Stocks

Hi Deborah

I believe so, yes.

Pieter-Louis

On 21 Nov 2019, at 17:42, Deborah Chapman <Deborah@kris.co.za> wrote:

No problem, thanks for letting me know. Will you publish ahead of the follow ups?

Kind regards,
Deb

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From: Pieter-Louis Myburgh <plm@dailymaverick.co.za>

Sent: Thursday, November 21, 2019 5:09:57 PM
To: Deborah Chapman <Deborah@kris.co.za>
Subject: Re: FW: Media queries Stefanutti Stocks, Eskom Kusile project | Response from Stefanutti Stocks

Hi Deborah

Thanks, received.

I’ll probably be in touch again with follow-up queries in the next few weeks.

Regards

Pieter-Louis

On Thursday, November 21, 2019, Deborah Chapman <Deborah@kris.co.za> wrote:

Hi Pieter-Louis

Please see below as received from Stefanutti Stocks:

Dear Mr Myburgh

As requested, this is a response to the queries you addressed to Deborah Chapman on 19 November 2019. In summary the
 As requested, this is a response to the queries you addressed to Deborah Chapman on 19 November 2019. In summary the
position of Stefanutti Stocks is as follows:

first and foremost it has engaged in an open and transparent manner with the SIU and importantly it has as part of its
process of disclosure brought the payments made to Babinatlou Business Services to the attention of the SIU;
the request from Eskom representatives to fund the completion of a four classroom block at Mokhine High School at
Sekhukhune in the Limpopo Province (at the cost of R2 million) was acceded to because the project was in keeping with
other Stefanutti Stocks Corporate Social Investment initiatives;
Eskom representatives informed Stefanutti Stocks that Babinatlou would be managing the project and that they would
accordingly be contacting Stefanutti Stocks to arrange for the payments;
the measures that Stefanutti Stocks adopted in order to ensure that the monies were indeed utilised for their intended
purpose included the following:

it established from the South African Revenue Service that Babinatlou was in good standing;
it had the benefit of details of the outstanding works required to complete the project;
it was sent photographs of the completed works.

Stefanutti Stocks also took comfort from the fact that they were contacted by the school principal, Mr MS Makgwale, who
called them to thank them for assisting with funding the completion of the school and invited them to the official opening
function and to inspect the works.
Stefanutti Stocks was unaware of the fact that Babinatlou may have been utilised to front for certain Eskom executives. It
was also unaware that Mr Kgomoeswana may be linked to Eskom executives. That said, insofar as Stefanutti Stocks has
been able to ascertain, the monies it paid were utilised for their intended purpose.
The payments to Babinatlou were made purely for the purpose indicated.

It bears emphasis that Stefanutti Stocks takes its regulatory compliance obligations very seriously. Hence its approach to its
engagements with the SIU and for that matter its willingness, within reason, to engage in an open and frank manner with you. It
should be appreciated in this regard that Stefanutti Stocks is also anxious to ensure that it does not compromise the SIU's
investigation in any way and we accordingly ask that the information provided be utilised in a responsible manner.

Kind regards,

Deborah Chapman

Keyter Rech Investor Solutions CC

Fountain Grove Office Park, No 5 2nd Road, Hyde Park

Block 2, 1st Floor

<image001.png> Tel: 087-351-3816

Mobile: 076 650 4155

deborah@kris.co.za
www.kris.co.za

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