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
'Fifth parliament was the most tumultuous parliament ever' - reporter

'Fifth parliament was the most tumultuous parliament ever' - reporter

EWN parliamentary reporter Gaye Davis reflects on the good and bad moments of the fifth Parliament over the past five years.

Public Protector: 'Classified' doc at centre of SSA spat obtained anonymously

Public Protector: 'Classified' doc at centre of SSA spat obtained anonymously

The Public Protector laid a criminal complaint against the State Security Minister over the supposedly classified state document.

'Our rights are being trampled even in the new dispensation of our democracy'

'Our rights are being trampled even in the new dispensation of our democracy'

The Human Rights Institute of South Africa says the country still has a long way to go in terms of human rights issues.

'If the languages are dying, our culture is dying and we will lose our identity'

'If the languages are dying, our culture is dying and we will lose our identity'

The Pan South African Language Board says government departments are failing to invoke the use of the Official Languages Act.

NSFAS to probe claims of unpaid funds causing students to resort to loan sharks

NSFAS to probe claims of unpaid funds causing students to resort to loan sharks

Students claim they have not received their NSFAS meal allowances and are forced to borrow from loan sharks to survive.

How Saps plans to alleviate load shedding threats to 2019 elections

How Saps plans to alleviate load shedding threats to 2019 elections

Saps Spokesperson Vish Naidoo says it is in talks with Eskom to put measures in place to avoid potential threats to elections.

Popular articles
Public Protector: 'Classified' doc at centre of SSA spat obtained anonymously

Public Protector: 'Classified' doc at centre of SSA spat obtained anonymously

The Public Protector laid a criminal complaint against the State Security Minister over the supposedly classified state document.

South Africa can have cheap electricity, forever! – former Eskom engineer

South Africa can have cheap electricity, forever! – former Eskom engineer

The Money Show’s Bruce Whitfield interviews Dr Tobias Bischof-Niemz, CEO at ENERTRAG South Africa.

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

TymeBank has no branches and no monthly fees. Most transactions are free. Bruce Whitfield interviews its CEO.

Buying a used car? New app sends mechanic to inspect it before you decide

Buying a used car? New app sends mechanic to inspect it before you decide

Hanru Reyneke is on a mission to disrupt the used-car industry in South Africa by providing peace of mind to punchdrunk consumers.

What are the rules and regulations when it comes to owning a generator?

What are the rules and regulations when it comes to owning a generator?

A listener on the Afternoon Drive has shared his frustrations with a neighbor's noisy generator and the health risks it posed.

NSFAS to probe claims of unpaid funds causing students to resort to loan sharks

NSFAS to probe claims of unpaid funds causing students to resort to loan sharks

Students claim they have not received their NSFAS meal allowances and are forced to borrow from loan sharks to survive.