Gupta-owned Tegeta 'advantaged' by gaps in Eskom contract, says Scopa chair

Parliament has heard of irregularities and discrepancies in a coal supply contract between Eskom and Gupta-owned company, Tegeta.

Treasury officials briefed Parliament's Standing Committee on Public Accounts (Scopa) on Wednesday.

Read: PwC report exposes holes in Eskom-Tegeta contract

Scopa chair Themba Godi explains that a report by PricewaterhouseCoppers (PwC) indicates that several procedures were flouted.

Gaps were identified and it appears some of these gaps remained there, to the advantage of Tegeta.

Themba Godi, Committee chair for Parliament's standing committee on public accounts

Godi says that Eskom has not disputed the findings of the PwC report, and has acknowledged some oversight in the signing of the contract.

According to Godi, the power utility will be called to face Parliament and answer to the committee in the next two weeks.

Take a listen to him unpack the latest and way forward:


This article first appeared on CapeTalk : Gupta-owned Tegeta 'advantaged' by gaps in Eskom contract, says Scopa chair


Recommended

by THE NEWSROOM
Read More
10 business tips to boost you through a tough economy

10 business tips to boost you through a tough economy

Business growth specialist, Pavlo Phitidi tracks down previously profiled businesses and advises them on their next level growth.

Zuma lashes out at 101 ANC stalwarts in policy conference opening salvo

Zuma lashes out at 101 ANC stalwarts in policy conference opening salvo

President Zuma went 'off script' on Friday when he castigated his detractors saying many denied being on the 101 stalwarts list.

Explore the magic of Madeira at the Caravela Portuguese Festival

Explore the magic of Madeira at the Caravela Portuguese Festival

This weekend, all roads lead to the magical Madeira Day festivities at Montecasino.

Mr. Tlhabi bids Mrs Tlhabi farewell on her last radio show #FarewellRedi

Mr. Tlhabi bids Mrs Tlhabi farewell on her last radio show #FarewellRedi

Brian Tlhabi says his wife, Redi Tlhabi makes him super happy and continues to wish her the best with her future endeavours.

PwC report exposes holes in Eskom-Tegeta contract

PwC report exposes holes in Eskom-Tegeta contract

Standing Committee on Public Accounts (Scopa) wants Eskom to account to the committee for the Eskom and Tegeta coal mine contract.

Tegeta wants out of Eskom deal

Tegeta wants out of Eskom deal

EWN reporter Gia Nicolaides looks at the Gupta-owned company wanting to pull out of coal deal with Eskom.

Popular articles
"Duduzane Zuma is the Gupta family's greatest asset"

"Duduzane Zuma is the Gupta family's greatest asset"

Sunday Times journo Thanduxolo Jika who broke the front page story about the Gupta family emails vouches for their authenticity.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

How to make your first million

How to make your first million

Warren Ingram discusses his new book in which he shares practical ways for ordinary people to achieve financial freedom.

'Collect experiences, NOT possessions!' - Paul Theron (Vestact MD)

'Collect experiences, NOT possessions!' - Paul Theron (Vestact MD)

Bruce Whitfield interviews the razor-sharp tongued Vestact MD Paul Theron about his money hopes, fears, successes, failures, etc.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...