The Tegeta Exploration and Resources has again filed an application for liquidation from the Gupta company, Oakbay Investments. The Tegeta institution has gone on a hunt for the R402 loan from the Gupta company, which has been in disarray in recent months. Tegeta claims that the Guptas ‘family business’ Oakbay Investments, as an entity owes..
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Liquidation of Gupta company, Oakbay back on the table
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Bankrupt Gupta mine in Mpumalanga sold to black-owned South African mining group
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A black-owned South African mining group, Lurco, is buying the Gupta family’s Koorfontein mine, Netwerk24 reported on Monday morning. The bankrupt mine in Mpumalanga is owned by the Guptas’ Tegeta Exploration and Resources, a unit of Oakbay Investments. It used to supply coal to Eskom, but has not been operational for some time. Employees last..
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Confirmation from Treasury – Eskom looting was an inside job
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The noose is tightening around senior Eskom officials already implicated in looting with further evidence of the underhanded tactics used to benefit the infamous Gupta family, revealed on Sunday.
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Are the Guptas starting to feel the heat?
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Gupta-owned Oakbay Investments has sold Tegeta Exploration and Resources to Swiss-based Charles King SA for R2.97-billion, it announced on Wednesday. The firm is at the centre of former Public Protector Thuli Madonsela’s State of Capture report, which found irregularities with its dealings with Eskom. Brian Molefe stepped down as a result of the report in..
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Gigaba wants to withdraw Treasury’s report on Eskom’s coal supply agreements
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Finance Minister Malusi Gigaba has told Parliament the Treasury’s damning report on Eskom’s coal supply agreements with Tegeta Exploration and Resources had been mistakenly marked as “final” and had to be withdrawn. The Treasury sent the report to the standing committee on public accounts, but now said it had not been finalised, according to Gigaba’s..
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