The board had authorised Eskom executives to negotiate a prepayment to Optimum Coal for the delivery of coal.Former Eskom company secretary Suzanne Daniels has told the Zondo commission that the questionable R1.68bn guarantee granted to Gupta-owned Tegeta Exploration and ResourcesDaniels was testifying at the commission on Friday afternoon, being quizzed by evidence leader advocate Pule Seleka on the legality of the deal.
At the time the newspaper reported that the guarantee had helped Tegeta Exploration and Resources to buy Optimum Coal in December 2015. “The issuing of a guarantee, as strange as it may seem, was actually a better risk mitigation factor for Eskom because ... imagine had we paid the money in cash over to the supplier, there would have been greater issues,” said Daniels.
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Former Eskom company secretary Suzanne Daniels defends R1.68bn guarantee given to Gupta firmFormer Eskom company secretary Suzanne Daniels has told the Zondo commission that the questionable R1.68bn guarantee granted to Gupta-owned Tegeta Exploration and Resources was a better deal for the power utility.
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WATCH LIVE | Former Eskom company secretary Suzanne Daniels to testify at state capture inquiryThe commission of inquiry into state capture will on Tuesday hear evidence related to Eskom from the power utility's former head of legal and company secretary Suzanne Daniels. She should just be given a desk next to CJ Zondo to reduce her logistical costs shem! This in and out can't be cheap! 🙄We can actually just build the entire zondo commission around her.. New month !!! bonus !!! Only 30 serious person's needed 💱 Work from home with your smartphone and start earning $3,200 every 48 hours and $7,600 weekly Ask me How No hidden fee No Charges involved No Scam Only serious minded person's WhatsApp number +12534720703
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