Guptas claim 'wonderful case' for Eskom battle
The 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, according to a Fin24 report. ‘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. Eskom confirmed last week that its claim against Optimum for R2bn relating to out of specification coal delivered remained in place. Tegeta is owned by Oakbay Investments and Mabengela Investments, which is owned by the Guptas. President Jacob Zuma's son Duduzane holds 45% shares in Mabengela. Explaining the ‘battle between Glencore and Eskom ’, Howa said Glencore had prepared a legal case for Tegeta to use against Eskom. ‘Glencore has provided us with a wonderful legal case they’ve prepared,’ he said.
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