Inquiry hears Eskom tender committee resolved to pay Tegeta R659m before contract was signed

Eskom's board tender committee in April 2016 resolved to make a R659m prepayment to Gupta-linked company Tegeta Exploration and Resources before Tegeta's own board signed off on approaching the power utility or a contract was in place, the state capture inquiry heard on Tuesday.

Nteta, said Nagar, was at one stage the power utility's head of fuel sourcing and later progressed to the head of its primary energy division. He was not sure what her capacity was at the time she sent the email. The following day, April 13, Nagar said he received a call from Maya Naidoo, from the office of then-CFO Anoj Singh. He said she called him at about 10:00 or 11:00.Naidoo told Nagar the deal had been approved by Eskom's board tender committee, he said. He asked her for additional documentation, which was sent through via email at 12:38, with an instruction to make the payment by 14:00.

Source: News Formal (newsformal.com)

Fin24 It’s incredible how despite us all knowing that this Tegeta and Gupta story only accounts for 6% of Eskom’s coal, we seemingly still not interested in digging deeper to understand the activities and shenanigans of the remaining 94%. I wonder why? StateCaptureInquiry Eskom_SA

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