Glencore chief executive rejects Molefe’s alternative state capture narrative - The Mail & Guardian

Ephron was grilled by evidence leader Pule Seleka, firstly about the failure to perform comprehensive due diligence. and secondly the decision to place the Optimum Coal Mine into business rescue as negotiations with Eskom hit a dead end.

“We knew there was a risk in not doing a full due diligence … That was one of the things we had to accept,” he said. Ephron said Optimum was put into business rescue as a last resort when losses were compounded by the fact that Eskom, with Molefe at the helm, was not only refusing its demand for a price increase, but refusing to pay at all.

“These kinds of discussions are happening every day between Eskom and other industry players as we speak: Why is it okay today and wasn’t okay in 2015? Was it state capture in 2015 and not today? So I don’t understand the allegation and I strongly deny it.”whether he was accusing Eskom of bad faith, Ephron said he would allow the commission to reach its own conclusion.

Sorry RET force, you guys were very happy with Molefe's testimony, so desperate to have dirt on Ramaphosa, now they are only clinging with all their might on sealed documents, which politician has disclosed the funding and the donors 🙄🙄

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