Zondo 'troubled' by Eskom board that mistakenly approved R1.6bn for Gupta company

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State capture inquiry chairperson, deputy chief justice Raymond Zondo, on Wednesday expressed shock that Eskom's board in 2015 mistakenly approved a R1.6bn prepayment for coal supply to Gupta-owned Tegeta.

The prepayment, the board believed, was beneficial to both Eskom and Optimum, which was under threat of liquidation, and that approving the prepayment was going to save jobs.

“The advance payment of R1.68bn was going to secure future supply of coal to Eskom and OCM was to cede unsupplied coal as security.” “How is it possible that the entire board did not see this point? How could none of you say, but hang on, change this submission. What is troubling me is how it is possible for so many members of the board not to have seen what is written here in black and white,” charged Zondo.

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Zondo 'troubled' by Eskom board that mistakenly approved R1.6bn for Gupta companyState capture inquiry chair Raymond Zondo said it was “troubling” that a whole board of 12 members was so incompetent that it would allow such a costly lapse in oversight. Withdrawals today !!! I really appreciate all you've done for me, you are the best and I promise to spread your good work Thank you Johnteddy63 It happened right under Ramaposa's big nose n he didn't say anything, now Bring Brian Molefi back so we can get his side of the story Zondo will catch covid and soon he will 'be with the lord'
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