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‘There’s no reason why Eskom shouldn’t do business with the Guptas’

Brian Molefe says the family has not been found guilty of any wrongdoing.

FILE: Eskom CEO Brian Molefe. Picture: Reinart Toerien/EWN.

JOHANNESBURG - Eskom CEO Brian Molefe says he doesn't see any reason why the parastatal shouldn't do business with the Guptas.

Molefe says the family has not been found guilty of any wrongdoing.

"I don't see any reason why I or Eskom shouldn't do business with the Guptas. I think our position on that, as a human rights issue, is that our democracy is not about arbitrary action like that."

The controversial Gupta family has been accused of state capture, with Deputy Finance Minister Mcebisi Jonas confirming he was offered the post of finance minister by the family, shortly before Nhlanhla Nene was axed.

WATCH: Brian Molefe on Eskom, the Guptas & the state of SA

In May, Molefe said the Gupta family had been treated unfairly with no evidence of wrongdoing being presented against them.

He defended his statement in February when he referred to the Guptas as "friendly and likeable people"

At the same time, the Eskom CEO says the power utility has managed to cut more than R17 billion in costs through changes in its coal supply.

The power utility announced today that it would no longer constrain South Africa's economic growth after securing 57 percent of the funding needed for the 2016/2017 financial year.

Eskom has been looking for ways to ensure its financial stability, while meeting South Africa's energy demands.

Officials say the positive developments in Eskom's financial status have been through major state cash injections and loans.

But Molefe says various cost cutting measures have contributed significantly.

"Our coal supply deal we had with Exxaro for 40 years was at R1,132 per tonne, we are now getting that supply at about R470 at the moment and we've also closed down our London office."