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James Lorimer: Optimum’s loss, Guptas gain. Private profiteering from SOEs.

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In this particular case one knows that where there’s smoke, there’s fire and in this case where there’s fire there’s now coal. And this is what’s at the heart of a South African story of corruption, government, the President’s son and an Indian family that’s gripped international headlines. At the heart of the problem is a coal supply agreement with Eskom. And the problem is the supplier has been swapped around to suit chosen benefactors. The companies that have lost out are Glencore and Exxaro, while the Gupta-owned Tegeta Resources sourced not one but two coal supply contracts. It’s also been revealed that Jacob Zuma’s son Duduzane is part of the Tegeta furnitue. It’s a cloak and dagger affair which further shows how deeply entrenched the corrupt factions are. And as the DA’s James Lorimer says, if it looks like a duck, walks like a duck and quacks like a duck, well… – Stuart Lowman

By James Lorimer* 

If it looks like a duck, walks like a duck and quacks like a duck, there needs to be a lot of contrary evidence to make us believe it is not a duck. So it is with the recent acquisitive activities of the Gupta-owned Tegeta Resources.

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