Adjudication board rules Stefanutti entitled to R685m additional payment for work at Kusile

The Dispute Adjudication Board (DAB) has issued its decision with respect to a dispute between JSE-listed Stefanutti Stocks and State-owned utility Eskom over the Kusile power station, finding that Stefanutti is entitled to additional payment of R685-million, excluding value-added tax. Both parties have the right to refer the decision to arbitration, however, in terms of the contract, the decision is binding and must be given effect to, unless and until it is revised by amicable settlement or an arbitral award.