The Guptas were instrumental in having BrianMolefe and AnojSingh appointed as CEO and CFO of Eskom respectively, paving the way for the Guptas to take over Glencore’s coal mining assets in South Africa. Moneyweb Guptas
The Guptas were instrumental in having Brian Molefe and Anoj Singh appointed as CEO and CFO of Eskom respectively, paving the way for the Guptas to take over Glencore’s coal mining assets in South Africa, according to the fourth Zondo Report. Assisting the Guptas was then minister of public enterprises Lynne Brown, as well as the compliant remnant of the Eskom board that hadn’t been axed. Dr Ben Ngubane, “who was also doing whatever the Guptas wanted him to do”, was appointed Eskom chair.
Zwane, Salim Essa, Tony Gupta, Glasenberg and Clinton Ephron of Glencore attended a meeting with Glasenberg. Zwane introduced Essa to Glasenberg as his advisor. Glasenberg and the Guptas, on behalf of Tegeta Exploration and Resources, reached an agreed sale price of R2.15 billion for the mine and other assets of OCH, with Glencore agreeing to put in R400 million to settle the consortium of banks’ debt. R1.68bn guarantee The Eskom board approved a guarantee of R1.
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