Treasury disputes Eskom claims on Gupta-linked firm

The national treasury said Eskom wrongly stated that coal supply contracts between itself and Tegeta Exploration and Resources had been audited by the finance ministry and has ignored queries regarding the company.

Tegeta is part owned by the Gupta family, who are friends with President Jacob Zuma and are in business with his son. Treasury is reviewing Eskom’s coal contracts.

  • Read the full statement from treasury here.

“To date, not only has Eskom failed to honour its undertaking to submit comments to treasury’s report but it has chosen to ignore correspondence and put all forms of hindrances,” treasury said in a statement on Twitter. 

“It is treasury’s view that a company or entity that is doing business with government and has nothing to hide should be transparent and should welcome reviews of its dealings with the state.” – Bloomberg

We make it make sense

If this story helped you navigate your world, subscribe to the M&G today for just R30 for the first three months

Subscribers get access to all our best journalism, subscriber-only newsletters, events and a weekly cryptic crossword.”

Paul Burkhardt
Paul Burkhardt works from Johannesburg. Bloomberg reporter covering oil/gas, renewables, mining and unions in South Africa and sub-Saharan region. Retweets not endorsements. Paul Burkhardt has over 1431 followers on Twitter.

Related stories

WELCOME TO YOUR M&G

Already a subscriber? Sign in here

Advertising

Latest stories

Hlophe accuses high court of trying to rewrite the law

The court deviated impermissibly from the constitution to sanctify the composition of the Judicial Service Commission when it found that he should face impeachment for gross misconduct, the Western Cape judge president argued in an application for leave to appeal

Boehly’s Chelsea takeover puts US tycoon in spotlight

The American has grand ambitions for the west London club as he targets sustained success on the pitch and financial growth off it

‘Myths’ are keeping township residents from sterilising pets

The Mdzananda Animal Clinic in Khayelitsha wants to increase the number of pets getting sterilised to curb overpopulation

We need to declare a state of emergency on policing

Never was the saying ‘Who will guard the guardians?’ more appropriate than at the present
Advertising

press releases

Loading latest Press Releases…
×