Treasury stops Gupta / Zuma contract

Die Vryburger

Treasury stops Gupta / Zuma contract
Treasury stops Gupta / Zuma contract - Image - Die Vryburger

National Treasury has prevented Eskom from extending two contracts. The correct procedures were apparently not followed. If the contracts had been granted the Gupta-controlled company and Jacob Zuma’s son Duduzane Zuma would have been more than R4 billion richer.

Meanwhile, it has become known that Tegeta’s substandard coal provided to Majuba power station, is considered to be “scrap” coal. Eskom spokesperson Khulu Phasiwe said there was a fuss because the Guptas were linked to the contracts, but if it had been another company, there would not have been any fuss.

It also appears that Tegeta is paid “in advance” for coal that is yet to be delivered. This is also considered “normal” said Khulu and it is not considered a loan.

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