South Africa: Eskom's Fault Lines Run Deeper Than the Guptas' Dubai Club

analysis

Notwithstanding a climate of fear and apparent extreme regard for orders from above, Eskom technocrats have found themselves being grilled at the State Capture Commission on whether they did enough to flag or block dodgy instructions from higher-ups like former acting CEO, Matshela Koko, or then CFO, Anoj Singh.

Successive testimony by senior Eskom staff has shown there is a little cover for those who executed questionable instructions from the suits along Mahogany Row - even though this came at a time when fear-induced silence and scandalous suspensions were the order of the day.

At the centre of nearly two weeks of testimony in the Eskom leg of the State Capture inquiry is a series of transactions that effectively helped the Guptas to snatch Optimum Coal Mine (OCM) from commodities giant, Glencore.

They include a R1.6-billion guarantee to facilitate the purchase, an irregular R600-million pre-payment for coal to help the Gupas' Tegeta Exploration cover a shortfall on the purchase price, and a 10-year coal supply contract for the family's Brakfontein coal mine, one that also aided their cash-raising initiative for the controversial acquisition of OCM.

Featuring prominently across all these transactions are the names of those popularly dubbed the Dubai...

See What Everyone is Watching

More From: Daily Maverick

Don't Miss

AllAfrica publishes around 600 reports a day from more than 150 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.