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Ex-Glencore CEO lifts lid on Eskom tactics to force Optimum out of business

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Clinton Ephron took the stand at the state capture inquiry on Wednesday and testified that Brian Molefe simply refused to negotiate a new contractual agreement with the mining company without giving reasons.

JOHANNESBURG - Former Glencore CEO Clinton Ephron has told the state capture commission that he was shocked to find out the lengths to which Eskom and former Mineral Resources Minister Mosebenzi Zwane went to force Optimum Coal Mine out of business to enable the Guptas to buy it.

This led to the company filing for business rescue and eventually bought by the controversial family.

 

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Eskom did not 'force them out of business'. They were already in trouble, and tried to fleece Eskom through inflated prices to save themselves. Molefe resisted this nonsense, so they were taken over by another company. StateCaptureInquiry

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