Fugitives Rajesh and Atul Gupta were arrested four months after Interpol issued a Red Notice against them. But they are just the latest.
Former Eskom chief executive says Zondo Commission was ‘very sympathetic’ towards Glencore’s relationship with Ramaphosa
The decision taken by then Eskom CEO Brian Molefe to give Optimum coal mine the cold shoulder jeopardised the coal supply to the Hendrina station
Eskom was effectively ‘fooling the system’ when it made a multimillion-rand prepayment to the Guptas for coal from the ailing Optimum coal mine
Snehal Nagar and Gert Opperman from Eskom’s primary energy division will testify at the Zondo commission of inquiry into state capture on Tuesday
"Eskom allegedly gave Tegeta preferential treatment even though the coal it supplied from its Brakfontein mine did not pass quality checks."
During his testimony before the commission, Glencore executive Clinton Ephron detailed the events that led to Optimum going into business rescue
Former Glencore CEO Clinton Ephron will take the stand on Wednesday and is set to outline how the company was pressured into selling the Optimum mine
The former minister’s role in Gupta-owned Tegeta’s acquisition of the Optimum Coal Mine is to be closely probed by Zondo commission
A new report focuses on the role of financial institutions in the illicit movement of of money
Earlier this year, Shiva Uranium was one of eight Gupta-owned companies that underwent business rescue processes
The revelations are contained in a near 500 page draft forensic report by national treasury into the capture of Eskom and Transnet
The Portfolio Committee on Mineral Resources has said it welcomes a report recommending the reopening of the mine
The mines are largely viable as mining operations, but optimal function requires the ‘right management’, members of parliament heard on Wednesday
The companies and the IDC are strange partners in court cases against the business rescue team
The utility has said it is sourcing additional coal from suppliers to ensure that there are outages this winter
The power utility has rubbished claims it is bailing out Optimum Coal Mine
Parliament has only 9 legal advisers but there are currently more than 40 committees in the House and five state capture inquiries to be established
The Bank of Baroda was the only bank willing to transact with the Guptas after the "big four" banks in South Africa foreclosed on them.
The banks are fighting shy of the politically hot companies, putting business rescue in jeopardy
Bank employee acting ‘out of mandate’ faces disciplinary procedures
Two business rescue practitioners are going to save Gupta companies and pay employees on time
Mineworkers at the Gupta-owned Optimum Coal Mine in Mpumalanga downed tools over the uncertainty of their jobs and the future of the mine.
Witnesses have reportedly declined to testify against former chief executive Matshela Koko at the internal disciplinary hearing against him
Handing over a list of reported suspicious transactions by the Gupta family and its companies was a clerical and not an administrative action
Overnight, a low-value mining right seems to have ballooned into a highly lucrative deal.
A trio of companies “paid” R235-million towards the Guptas’ bill for Optimum Coal.
A consortium of banks that were repaid R2.7bn in company debt were the ultimate winners in the sale of Optimum to the Gupta family and Duduzane Zuma.
Eskom has come under fire about the alleged influence of the Guptas on various lucrative contracts, and two board members have resigned this week.
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/ 8 September 2011
State bonds fell and yields climbed as SA’s benchmark stocks booked their biggest daily gain in 16 months, breaking a three-day losing streak.
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/ 6 September 2011
Glencore, the world’s largest commodity trader, has said that it had almost doubled its stake in South African takeover target Optimum Coal to 23.9%.
Optimum Coal Holdings has confirmed it had received expressions of interest from unnamed third parties after rumours Glencore was eyeing the miner.