The battle to remove Gordhan and ultimately President Cyril Ramaphosa from office is in full swing, writes Adriaan Basson.
a few tstorms. Morning clouds. Mild.
Swiss company Charles King wants the business rescue practitioners of the Gupta-linked Optimum coal mine to recognise a sale agreement it had entered into.
A coal mine owned by the Gupta family has landed a R150m bank loan by putting forward the mine’s environmental rehabilitation fund as security for the loan.
Gupta-owned Oakbay Investments has sold Tegeta Exploration and Resources to Swiss-based Charles King SA for R2.97bn, it has announced.
A controversial prepayment loan for coal to Tegeta Exploration and Resources - a Gupta family-controlled company - has been 'repaid in full', says Eskom.
Shiva mine is a worthless asset that cannot be economically mined and we have all been conned with the help of the IDC, says a Biznews community member.
The power utility is working with the National Treasury to source more coal for seven of its plants that don’t have adequate supply.
The Guptas have dominated the headlines once again with the announcement that it is selling Tegeta, which it wrestled from Glencore in a questionable fashion.
Trillian says it has proof the work it did with McKinsey for Eskom was above board, after the power utility revealed it was investigating a R495m payment to the Gupta-linked firm.
Gupta- and Zuma- owned Tegeta is prepared to fight Eskom over a R2bn fine it inherited from Glencore when it bought Optimum coal mine this year, says Nazeem Howa.
Eskom boss Brian Molefe and Public Enterprises Minister Lynne Brown have criticised reports insinuating the Gupta-owned Tegeta benefited unduly from a contract.
Cape Town Southern Suburbs1st Contact T/A Sable International
Cape TownemergeR560.00 - R580.00 Per Hour
Cape Townemerge R580 000.00 - R620 000.00 Per Year
R 18 000 000
R 6 999 000
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