That our country is still standing with the amount of corruption surrounding us, is a wonder. On Tuesday, March 5 the Zondo commission heard that within 180-minutes after receiving the order to pay R659 million, the entire transaction was completed. This payment was completed without any services rendered by Gupta-owned Tegeta. Snehal Nagar, a charted..
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R659 Million Prepayment Covered the Shortfall Tegeta Required to Purchase Optimum Holdings
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Former Mineral Resources Minister was dismissed by the ANC regime so that Gupta candidate could fill the post to make corruption and state capture possible at Eskom
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The Guptas have been helped to buy the Optimum mine through a pre-payment of R659m by Eskom, said Glencore’s former head Clinton Ephron. Eskom’s fingers were further in the negotiations by fining Optimum Coal with R2.1bn for so-called low-grade coal supply. This forced Optimum Coal to go into business rescue. The rumours are that Eskom..
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BREAKING NEWS:- Eskom’s application to increase electricity tariffs by 15% open to public debate, now is the time to take a stand!
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It’s important to note that Eskom’s application for a 15% tariff increase is over and above the 4.41% raise already granted to the utility by the National Energy Regulator of South Africa (NERSA) earlier this year.
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Eskom are in deep trouble, they are going to shuts down 11 power station units, load shedding imminent!
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South Africans can expect load shedding this weekend after Eskom was forced to shut down 11 power station units due to a lack of maintenance.
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Guptas get bailed out of another SA business after Swiss Company is investing R2,97b
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Oakbay flogging Tegeta for amazingly quick profit of nearly R800million. A United Arab Emirates businessman using a Swiss shelf company is investing R2.97-billion to buy the Gupta family’s Tegeta mining company, which is under investigation for dubious dealings in its purchase of the Optimum colliery. Tegeta Resources and Exploration will be sold by Oakbay Investments,..
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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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