Anonymous complainant targets Ramaphosa
The Competition Commission has been asked to investigate possible collusion and uncompetitive practices related to Eskom coal contracts in a request implicating Deputy President Cyril Ramaphosa’s Shanduka Trust. A Business Day report says the newspaper has seen the written request for the investigation, but the complainant sought to remain anonymous.
The request for the probe said that Eskom concluded exclusive supply agreements with Anglo American, Exxaro and BHP Billiton at power stations – including Kriel, Matla, Lethabo, Tutuka and Kendal.
The complaint said smaller suppliers could not compete with them to supply coal to these power stations because of the exclusive agreements.
It also listed Shanduka Coal, a coal company managed by Glencore SA and Phembani Coal Investments and in which Ramaphosa held an interest in trust. It named Thandeka Ncube, a former director of Shanduka. Ncube was also listed in connection with contracts with Hlagisa Mining and BHP Billiton. ‘We request the Competition Commission to investigate whether these companies are not colluding in contravention of section 4 of the Competition Act 89 of 1998 as amended,’ the complainant said.
Article disclaimer: While we have made every effort to ensure the accuracy of this article, it is not intended to provide final legal advice as facts and situations will differ from case to case, and therefore specific legal advice should be sought with a lawyer.
