Nene up next after Gordhan, Moyane square off at StateCaptureInquiry
Johannesburg - The Zondo commission has heard from the business rescue practitioner that was tasked with taking over Optimum coal mine when it faced financial constraints. Business practitioner Piers Marsden concluded his testimony on Wednesday. His testimony was largely corroborating the evidence of former Glencore CEO Clinton Ephron.
He confirmed that the relationship between Glencore and Eskom was strained. He told the commission that Eskom refused to renegotiate the coal supply agreement with Optimum coal mine. Marsden also told the inquiry that he found out about the controversial pre-payment made by Eskom to Tegeta while watching a TV news show.
The penalties were reduced to R250 million after the Guptas took over ownership of Optimum Holdings. The inquiry also dealt with former Sars commissioner Tom Moyane's application to cross-examine Public Enterprises Minister Pravin Gordhan. Gordhan appeared at the inquiry late last year and spoke on broad issues of corruption in the government but also implicated Moyane.
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