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. The State Capture Commission is hearing evidence on a R659 million prepayment Gupta-linked Tegeta received when it first made an unsolicited coal supply offer to Eskom. It later emerged that Tegeta had a R600 million funding shortfall for the acquisition of a Glencore-owned mine. Deputy Chief Justice Raymond Zondo questioned the timing of the advance payment, given Tegeta s funding problems. The Judicial Commission of Inquiry into State Capture on Tuesday resumed evidence relating to Eskom s R659 million advance payment in 2016 to a Gupta-linked entity, Tegeta Exploration and Resources, with a former manager at the power utility detailing the events around the transaction. ....
The testimony of controversial former Eskom chief financial officer (CFO) Anoj Singh has been postponed at the Judicial Commission of Inquiry into Allegations of State Capture, after a fault was found with the summons ....
The commission of inquiry into state capture will on Tuesday hear testimony from Eskom acting senior manager Ayanda Ntetha as well as former CEO Matshela Koko. ....
Makhosandile Zulu Ayanda Ntetha says she was not comfortable about telling her superiors about the meeting because there was a lack of trust at the power utility at the time. Raymond Zondo. Picture: Neil McCartney Ahead of the lunch adjournment, Ntetha told the chairperson of the commission, Deputy Chief Justice Raymond Zondo, about a second meeting she had with Gupta around March 2015 at his Saxonwold residence. Ntetha said Gupta had called her to arrange that they meet to discuss the coal supply agreement the latter’s company, Tegeta, had entered into with Eskom. Ntetha told Zondo that she had agreed to meet Gupta because she saw an opportunity to ask him to instruct Tegeta’s chief executive officer Ravi Nath to cooperate with the power utility with regards to fixing the grammatical errors in the coal supply agreement and ....
In her evidence f ormer Eskom manager Ayanda Nteta conceded that meeting with suppliers at their homes, in this case with Tony Gupta, was not Eskom best practice She cited lack of trust as of one of the reasons for not informing anyone about the two meetings. Nteta was also responsible for the decision to grant Tegeta a three month extension of temporary relief, which allowed the company deviate from its contractual coal supply requirements. Former Eskom manager, Ayanda Nteta told the Zondo Commission of Inquiry on Tuesday that she had secret meetings with Tony Gupta at his Saxonwold home to discuss a coal supply contract between the power utility and Tegeta, a mining business owned by the politically connected family. ....