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Former Glencore CEO Clinton Ephron denied evoking the name of President Cyril Ramaphosa to apply pressure on Eskom to change a coal supply deal in Glencore s favour.
Ephron acknowledged that when Glencore acquired Optimum Coal Holdings, it did not do a thorough due diligence on contracts.
He also denied claims that Glencore evoked the hardship clause to strong-arm Eskom into a more favourable deal.
Former Glencore CEO Clinton Ephron told the Judicial Commission of Inquiry into State Capture on Thursday that claims of President Cyril Ramaphosa trying to influence the terms of coal supply deals that the company had with Eskom were ridiculous .