Optimum coal mine
Zondo not buying Daniels didn’t have power to advise board on Tegeta prepayment
She was been testifying before the state capture commission on Friday on a R1.68 billion coal purchase prepayment.
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Daniels says Koko misled Zondo Inquiry over prepayment to Optimum Coal Mine
Suzanne Daniels said while Matshela Koko instructed her to draft a board resolution to prepay the Optimum Coal Mine R1.68 billion, he didn’t specifically say ‘issue a guarantee’ - yet it was eventually done.
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Ex-Eskom exec Pamensky: Jewish community kicked me out because of Tegeta saga
Mark Pamensky has concluded another sitting at the state capture commission where he denied that he advised the Guptas based on privileged Eskom information.
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Eskom board was misled in prepayment of R1.6bn to Optimum, Zondo hears
Former Eskom board member Venete Klein has told the state capture commission that she reasonably believed that the payment was for the Optimum Coal Mine under Glencore.
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Ex-Eskom exec Naidoo: I didn’t know R1.6bn prepayment was going to Tegeta
He told the state capture commission on Wednesday that he didn’t ask what the board proposal meant by "proposed owners".
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Presidency: Ramaphosa not aware of Hawks investigation into his conduct
The 'Mail and Guardian' newspaper reported on Friday morning that the Hawks were probing a case of fraud, theft and contravention of the Public Finance Management Act that was recently opened against the President.
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Zondo: Ex-Eskom CEO Molefe still expected to testify before commission
And he hopes he will give his version on the currently overwhelming perspective that shows how the state-owned enterprise was biased against the Optimum Coal Mine (OCM) and for Tegeta.
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Ben Ngubane: Glencore supplied Eskom rubbish coal
Dr Ben Ngubane testified at the state capture inquiry where he said that Glencore supplied the country's power utility with sub-par coal, leading to further problems at Eskom.
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Ngubane struggles to explain why Eskom prepaid R1.6bn for coal from Optimum
Ngubane has told the state capture commission that the pre-payment was intended to secure coal supply and lock prices from Optimum, which was going under, so that whoever bought it would be committed to that supply and prices.
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Daniels testimony: Koko told me to write letters on prepaying Tegeta R1.6bn
The former head of legal and compliance at Eskom is back at the state capture commission testifying about board decisions to approve the Tegeta prepayment as well as Brian Molefe’s appointment.
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DA opens case against 3 Gupta firms relating to Eskom contracts
In the party’s sights are Tegeta, Optimum and Trillian following findings by the BBBEE Commission that they were awarded the Eskom contracts after misrepresenting their status or using fraudulent certificates.
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'Very difficult to push back' on Eskom instructions, commission told
Eskom official Snehel Nagar says that he would have been charged with insubordination had he challenged the instruction from his bosses to make the pre-payment to Tegeta.
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Tegeta pre-payment against Eskom procurement processes, inquiry hears
Eskom official Snehal Nagar says Bhana Naidoo simply gave an instruction for the payment without giving details, adding that Eskom didn’t budget for the dodgy transaction.
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WATCH LIVE: Eskom payments to Tegeta scrutinised at Zondo Commission
The Zondo commission of inquiry into state capture is hearing testimony from Eskom officials Snehal Nagar and Gert Opperman on the “unlawful” prepayment Eskom made to Gupta owned Tegeta to buy Optimum coal mine.
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Gupta-owned Optimum Coal manages to raise funds to pay workers
Workers were last paid back in October with mining operations coming to an end in December.
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Workers at Gupta-owned mines could receive payment soon
Workers at Optimum and Koornfontein coal mines last received a payment in October, with mining operations coming to an end in December.
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Ex-Glencore CEO lifts lid on Eskom tactics to force Optimum out of business
Clinton Ephron took the stand at the state capture inquiry on Wednesday and testified that Brian Molefe simply refused to negotiate a new contractual agreement with the mining company without giving reasons.
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'Eskom & Brian Molefe strong-armed Glencore on coal contract,' inquiry hears
This emerged from testimony by former Glencore CEO Clinton Ephron, who is on the stand at the Zondo commission of inquiry into state capture.
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Zondo Commission hears details of Glencore, Eskom relationship
Clinton Ephron's testimony comes a day after the inquiry heard evidence on Eskom’s coal supply agreements with Gupta-owned company Tegeta.
