for subscribers

Guptas to fight Eskom over R2bn coal fine - Howa

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
(iStock)
(iStock)

Cape Town – Gupta and Zuma-owned Tegeta Resources and Exploration is prepared to fight Eskom over a R2bn fine it inherited from Glencore when it bought Optimum coal mine this year.

“We’re going to fight it, based on the evidence we’ve been shown now. So it’s going to be a wonderful fight between us and Eskom,” Oakbay Investments CEO Nazeem Howa told Carte Blanche in a programme aired on Sunday.

WATCH: The 50 minute interview with Carte Blanche's Devi Sankaree Govender

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
16.85
(-0.59)
ZAR/GBP
21.55
(-0.23)
ZAR/EUR
19.77
(-0.17)
ZAR/AUD
12.12
(+0.06)
ZAR/JPY
0.16
(-0.45)
Gold
1901.50
(-0.78)
Silver
24.13
(-3.43)
Platinum
883.00
(-0.06)
Brent Crude
42.14
(-3.94)
Palladium
2269.00
(-0.74)
All Share
53320.18
(+0.00)
Top 40
49213.34
(+0.12)
Financial 15
9334.71
(-1.94)
Industrial 25
71737.24
(+1.02)
Resource 10
53770.71
(-0.30)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 1325 votes
It depends on how the funds are used.
73% - 8695 votes
No. We should have gotten the loan elsewhere.
16% - 1916 votes
Vote