State capture inquiry: Opperman admits Eskom, Tegeta deal was ‘fishy’

JOHANNESBURG - Eskom's Gert Opperman says when he knowingly approved an irregular pre-payment deal between Gupta-owned company Tegeta and the power utility, he genuinely thought Eskom would get value out of the arrangement.

Opperman testified at the state capture commission on Friday about the R659 million payment Eskom made to the company to help it purchase Optimum coal mine.

The payment was made even though the Gupta company had not provided any services to the power utility. Treasury investigated the payment and found it to be unlawful.

Opperman says he knew from the beginning that something was fishy about the pre-payment to Tegeta, because he was expected to sign it without sufficient documentation.

“In my nine and a half years in this capacity it was the first time I had to do this.”

Deputy chief justice Raymond Zondo asked Opperman this question: “Were you concerned in any way that by signing you were allowing yourself to be party to something in particular?”

Opperman replied while he raised his concerns about the deal with his managers, he didn’t get satisfactory answers. “When I read the agreement, I felt comfortable that we would get the value for what was paid.”


This article first appeared on EWN : State capture inquiry: Opperman admits Eskom, Tegeta deal was ‘fishy’


Recommended

by NEWSROOM AI
Read More
Zimbabwe bans foreign currency

Zimbabwe bans foreign currency

Newsday Zimbabwe senior reporter Blessed Mhlanga says most of the people in Zimbabwe do not have access to the US dollar.

Lanxess workers remain underground, want alleged sex-for-jobs captain suspended

Lanxess workers remain underground, want alleged sex-for-jobs captain suspended

Numsa spokesperson Phakamile Hlubi-Majola‏ says the union failed to reach an agreement with mine management.

SA adds 22 000 jobs in first quarter of 2019 - Stats SA

SA adds 22 000 jobs in first quarter of 2019 - Stats SA

Statistics SA director for quarterly statistics Matlapane Masupye says employment grew in the non-agricultural formal sector.

Cash-strapped Denel to pay employees only 85% of salaries

Cash-strapped Denel to pay employees only 85% of salaries

Trade union Solidarity's Johan Botha says it is a problem and an inconvenience that Denel only announced it a day before payday.

SABC: 'Three workers are receiving medical treatment for smoke inhalation'

SABC: 'Three workers are receiving medical treatment for smoke inhalation'

The public broadcaster's spokesperson Vuyo Mthembu says an assessment will be done to ascertain the cause of the canteen blaze.

Communications Workers Union rejects MultiChoice's plan to cut over 2000 jobs

Communications Workers Union rejects MultiChoice's plan to cut over 2000 jobs

The union will meet with the company on Wednesday to discuss among others the upskilling of workers instead of retrenching.

Popular articles
TymeBank CEO Sandile Shabalala quits

TymeBank CEO Sandile Shabalala quits

Shabalala says he wants to spend more time with his family. Bruce Whitfield interviews portfolio manager Kokkie Kooyman (Denker).

Average salary in SA is R6400 per month, but 70% of workers earn less

Average salary in SA is R6400 per month, but 70% of workers earn less

About 29% of workers earn less than the R3500 national minimum wage, says Anish Shivdasani, CEO at Giraffe.

Can South Africa and Nigeria kiss and make up? Because there’s money to be made

Can South Africa and Nigeria kiss and make up? Because there’s money to be made

The relationship is complicated and strained. Dianna Games reports back from the SA-Nigeria Investment Conference in Sandton.

'Elephant in the room is labour law and the labour movement'

'Elephant in the room is labour law and the labour movement'

The Money Show's Bruce Whitfield interviews economists Andrew Levy (Andrew Levy Employment) and Dr Azar Jammine (Econometrix).

Investec gives staff unlimited leave days and freedom to wear what they want

Investec gives staff unlimited leave days and freedom to wear what they want

The bank rewards innovation with substantial bonuses and pays according to output not hours at work, says Lesley-Anne Gatter.

We've technologist on record saying she'll not treat patients - Discovery Health

We've technologist on record saying she'll not treat patients - Discovery Health

CEO Dr Broomberg has rubbished reports that a KwaZulu-Natal patient died after the company stopped payments.

R400m is absolute nonsense, insists CR17 campaign member

R400m is absolute nonsense, insists CR17 campaign member

Ramaphosa's former campaign member Dr James Motlatsi says he is the one who asked Gavin Watson for a donation, not the president.

[WATCH] Sho Madjozi first female South African to win BET award

[WATCH] Sho Madjozi first female South African to win BET award

The rapper, singer and songwriting superstar walked away with the best new international act on Sunday evening in Los Angeles.

Gauteng waitress gets R18,000 tip for 'amazing service'

Gauteng waitress gets R18,000 tip for 'amazing service'

A waitress at The Beerhouse in Fourways who received the generous donation wants to finish her matric and become a paramedic.