Days of Zondo: Matshela Koko and the Guptas’ Brakfontein coal mess By Jessica Bezuidenhout JessBezJourn
The Guptas’ company, Tegeta Exploration and Resources, bagged a 10-year coal deal from Eskom in 2015 before a financial assessment was done to determine the company’s ability to deliver and, important, without adherence to a condition precedent that required a combustion test of coal from their mine in Brakfontein, Mpumalanga.
Signed on 10 March, 2015, the deal resulted in the suspension of four executives, including Koko, the very next day.useful emailsThe Guptas had their coal deal, and based on witness testimony thus far, now also a man on the inside batting for them.Evidence will show that the agreement concluded without a financial due diligence having been done. That was only done in April, after coal supply had started,” said Hofmeyr.
This was a condition precedent and failure to do that, they ensured, was to effectively invalidate the entire contract, as if it had never come into existence, Hofmeyr said.Mashigo testified how another condition, the installation of an auto mechanical sampler to collect indiscriminate mini piles of coal for testing to ensure it met specifications for Majuba, was also not adhered to.
Such tests are done to ensure compliance with specifications for contracted power stations to reduce the risk of damaging equipment, among other things. Van der Riet compiled a report and, as he headed into the office to hand it in, he was suspended, along with three colleagues.
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