Claims that Gupta-linked Tegeta threatened to cut Eskom's coal supply

Gupta-owned Tegeta has threatened to shut down coal supply to Eskom.

Tegeta and Trillian founder Salim Essa and President Zuma's son Duduzane Zuma wanted Eskom to increase the R150/ton it pays to Tegeta for coal from Optimum Mine.

According to investigative journalism unit AmaBhungane, leaked minutes of an Eskom meeting on Friday reveal how Eskom retaliated by threatening to approach the court.

The leaked documents have also revealed that Tegeta's threats to cut the coal supply came just as Eskom discovered a massive miscalculation that over-estimated the size of Hendrina's strategic coal stockpile.

Stephen Grootes spoke to Organisation Undoing Tax Abuse's head of energy and and former Eskom employee Ted Blom.

Back in 2006 we had the same problem with differential prices being in the market place, with BEE being offered a double premium on coal.

Ted Blom, head of Energy at the Organisation Undoing Tax Abuse (Outa)

This is nothing new, he says.

Optimum mine is a 13 million ton a year operation...roughly half goes to export, half goes to Eskom. The export was cut back by Glencore before they had to dump the mine on the Guptas on the basis that they wanted to try and manipulate the Eskom price....

Ted Blom, head of Energy at the Organisation Undoing Tax Abuse (Outa)

Click on the link below to hear more from Blom...


Recommended

by NEWSROOM AI

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Words you will hear today: Restired

Words you will hear today: Restired

Brian Molefe’s legal counsel argued that the former Eskom boss resigned on the basis of early retirement.

Sunday Times denies allegations that reporter got bag of money

Sunday Times denies allegations that reporter got bag of money

Sunday Times Editor Bongani Siqoko responds to acting Eskom CEO claims that journalist Mzilikazi wa Afrika received money.

Lynne Brown sees no evil, hears no evil, speaks no evil - Mazzone

Lynne Brown sees no evil, hears no evil, speaks no evil - Mazzone

Lynne Brown claims that everybody is lying and has denied being captured in Eskom inquiry, calling it a political ploy.

Lynne Brown "ducking and diving" at Parly Eskom inquiry

Lynne Brown "ducking and diving" at Parly Eskom inquiry

Karima Brown said former board chair Zola Tsotsi's testimony at the Eskom inquiry was explosive.

Eskom Inquiry: "We need to look at Browns actions, not just the accusations"

Eskom Inquiry: "We need to look at Browns actions, not just the accusations"

Journalists Pauli Van Wyk and Sikonathi Mantshantsha give the latest on the the Eskom Inquiry.

[WATCH] Zola Tsotsi drops bombshell about Zuma meeting at State Capture Inquiry

[WATCH] Zola Tsotsi drops bombshell about Zuma meeting at State Capture Inquiry

Former Eskom chair Zola Tsotsi’s jaw-dropping statements include Tony Gupta saying they could hire or fire Eskom board members.

Thursday is D-Day for Eskom board to provide Lynne Brown with Trillion answers

Thursday is D-Day for Eskom board to provide Lynne Brown with Trillion answers

Eskom admits to lying that consulting firm Oliver Wyman found payments of R1.6 billion to Trillian and McKinsey were legit.

'The New Age deal is weirder than the Tegeta one'

'The New Age deal is weirder than the Tegeta one'

The Money Show’s Bruce Whitfield interviews Savannah Mara Senior Partner Rod MacLeod.

Bloomberg makes fishy discovery when visiting Charles King (new owner of Tegeta)

Bloomberg makes fishy discovery when visiting Charles King (new owner of Tegeta)

Why is its registered address that of a violin shop? Bruce Whitfield interviews Intellidex’s Stuart Theobald.

Popular articles
[LISTEN] Van Breda's call to emergency services: 'My family and I were attacked'

[LISTEN] Van Breda's call to emergency services: 'My family and I were attacked'

The chilling call Henri van Breda made to emergency services on the night his mother, father and big brother were hacked to death.

[LISTEN] Father shares how he shot the man who raped his daughter

[LISTEN] Father shares how he shot the man who raped his daughter

Johannesburg father, Chris says he had just come back from work when he walked in on an employee raping his 17 year old daughter.

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.

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.

Competition Commission investigates five companies to stamp out price-fixing

Competition Commission investigates five companies to stamp out price-fixing

Commission says investigation into food and agro processing companies is important because of high levels of inequality in SA.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

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

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...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?