🔒 Eskom’s dealings with the Guptas came under scrutiny this week when the state capture commission heard evidence about how the power utility allegedly propped up the infamous family’s mining interests.
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Eskom and the Guptas: Former Glencore CEO in the Zondo hot seatStateCapatureInquiry | Former Glencore CEO Clinton Ephron detailed how Optimum Coal mine tried to renegotiate its contract with Eskom before the power utility was due to impose penalties on the company.
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Zondo commission to hear how the Guptas nabbed their Optimum coal mine | News | National | M>he Zondo commission of inquiry into state capture will on Wednesday hear details about the Gupta family’s controversial acquisition of the Optimum coal mine.
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Days of Zondo: Matshela Koko and the Guptas’ Brakfontein coal messOn the back of damning testimony about how former Eskom executive, Matshela Koko, fed the Guptas confidential documents, he again featured prominently as his role in allegedly protecting the Guptas in a multibillion-rand coal deal emerged on Tuesday.
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Glencore to lay bare details of Optimum deal with Guptas, EskomIn 2016, the Gupta family's Tegeta Resources bought Optimum Coal Mine from Glencore for R2.15 billion after Eskom extended a questionable R586 million prepayment for coal.
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How Eskom bosses fed Guptas secret info to bag big businessE-mails between Gupta business associates and former Eskom executives have laid bare the influence the family had over contractual agreements and even media statements issued by the parastatal.
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How Eskom bosses fed Guptas secret info to bag big business'We at Eskom hold the view that having being suspended, [Matshela] Koko was brought in and he had to demonstrate his capability and his allegiance to the capturers what he can do.'
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Eskom failed to do due diligence on Tegeta, Zondo inquiry hears'Considerable pressure' was allegedly placed on Eskom employees to finalise the coal supply agreement within 48 hours.
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Zondo Commission hears details of Glencore, Eskom relationshipClinton Ephron's testimony comes a day after the inquiry heard evidence on Eskom’s coal supply agreements with Gupta-owned company Tegeta.
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Days of Zondo: Newsflash: Brian Molefe blocked Optimum Coal’s life-saving Eskom deal, says witnessGlencore has for the first time publicly revealed how months of successful negotiations to revise an unprofitable and outdated coal supply agreement with Eskom crashed in May 2015 – a month after Brian Molefe arrived as the new Eskom CEO.
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