StateCaptureInquiry: Eskom’s contracts manager Gert Opperman said the R587 million pre-payment to Gupta-owned Tegeta was the first and the only one he ever approved, but he was 'very uncomfortable' with it. IOLPolitics Sam_Blaszczy6
Johannesburg - A senior Eskom manager on Friday told the commission of inquiry into state capture that the R587 million pre-payment by the power utility to Gupta-owned Tegeta Exploration and Resources was the first and the only one he ever approved. Eskom’s contracts manager Gert Opperman said in the nine-and-a-half years he had held the position it was the first time he had been asked to approve such a payment and had not done so since it was paid out in 2016.
During his testimony, Opperman also admitted that Tegeta had fines for poor quality of its coal supply slashed from over R2billion to R255m after the controversial family bought Glencore-owned Optimum Coal. Optimum eventually offered to pay about R255m after initially proposing a settlement of almost R239m.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Eskom officials rushed to ensure R659m pre-payment to Gupta-linked Tegeta' | IOL NewsThe Zondo commission has heard how Eskom officials rushed through the pre-payment of R659 million to Tegeta even though no services had been received.
Read more »
How Eskom officials 'fooled the system' to pay R659m for Gupta coalStateCaptureInquiry Nagar said he received an email from the head of his division, Ayanda Ntetha, on April 12 which included a pro forma invoice (a preliminary bill of sale) for R659m worth of coal from the Gupta company.
Read more »
Zondo inquiry zeroes in on Eskom’s Gupta links | News | National | M&G
Read more »
Eskom officials ‘fooled the system’ to pay R659m upfront for Gupta coalSenior finance officer tells state capture inquiry how the power utility deviated from standard procedure to make the prepayment for coal
Read more »
Days of Zondo: 82-minutes – that’s all Eskom needed to rush through R659-million to the GuptasEskom staff were given one hour and 22 minutes to pay R659-million to the Gupta-owned Tegeta Exploration to help them raise the exact short-fall on the purchase price for Optimum Coal Mine. The contract was produced so last-minute that the Eskom finance team were unable to get it all done by a 2pm deadline so they simply amended a purchase order for coal from Brakfontein, a different Gupta mine.
Read more »
State Capture Inquiry to resume on Friday - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The State Capture Commission is expected to hear the evidence from Eskom officials, Gert Opperman and Johann Bester, on Friday morning in Parktown, Johannesburg.
Read more »
The Guptas' last heist – taking R1bn out of SANewsletter| A Gupta family company has launched an urgent court bid which, if successful, would enable it to take more than R1 billion out of the country
Read more »
WATCH: State capture inquiry witness to expose details on Eskom’s prepayment to TegetaThe witness will also give testimony on the ash penalties on the Gupta-owned coal mine and a questionable Absa guarantee.
Read more »