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How Guptas, Duduzane Zuma could score from coal deal

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(File, iStock)
(File, iStock)

Johannesburg - "The transaction that makes no sense" - the sale of the Optimum coal mine to the Guptas and Duduzane Zuma - was concluded on Thursday, reported Netwerk24 on Sunday.

Tegeta Exploration and Resources paid the R2.15bn, which was owed in order to have the mine transferred to them. At the same time Glencore paid R450m to the business rescuers Piers Marsden and Peter van den Steen. This meant the bank debt of Optimum Holdings has been paid and Tegeta becomes the owner thereof.

This indicates that the Guptas are not intending to disinvest from SA despite a sudden departure of family leaders to Dubai last Thursday evening.

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