and thereby tied itself into a disadvantageous coal supply contract without due diligence, because its real risk calculation was on the political influence of Ramaphosa.
Molefe said Glencore knew that the company could prove profitable only if there were successful renegotiation of the coal price in the contract with Eskom, and if the utility waived penalties that were approaching R2-billion. “They had made their bed and needed to lie on it. It was unfair and arrogant of them to demand that Eskom should effectively pay for the manner in which they had tied themselves into the proverbial knot.”
The war room had become a de facto alternative Eskom board and Ramaphosa, the de facto chairman, he charged. “I could not face Eskom employees and the unions and tell them that their bonuses would not be paid or that their salary increases would be zero …. and that we have no funds to fix the apartheid wage gap that still exists between black and white employees of Eskom while rich international corporations were unduly exploiting Eskom,” he added.
Cadres turning on each other!!!! Let in fighting and back stabbing begin, now in survival mode 🤣🤣🤣
Molefe is a Zuma he is trying shift focus he was shifted from post to another he is a millionaire today because of Zuma and Guptas
Great man speak the truth and you will be set free?
Everyone is having a small-lanyana skeleton
He said the is a shebeen in Saxonworld, not to be trusted
U r going to be exposed soon
The further a society drifts from the truth, the more it will hate those that speak it”, George Orwell
Glencore is not the only reason for ESKOM failing.
This guy is a corrupt Gupta stooge trying deflection tactics. They wont work, Brian. You're busted. Prison awaits.
ThumaMinaMediaGroup
Let's see how this pans out. I don't for a second think that Ramapoeshaars hands are clean. ALL these MYANC politicians are crooks.
Shots fired, now waiting 🤔👀
IGNATIU39131458 Molefe 's allegation against Ramaphosa is more tangible than connecting the dots hallucination from Gordhan and jonas.
As the song goes 'Oh, it's cryin' time again, you're gonna leave me I can see that far away look in your eyes I can tell by the way you hold me darlin', ooh That it won't be long before it's cryin' time.'
Cyril is going nowhere....
Says the person who siphoned money and had to pay it back. This man is such a snake and amoral it’s pathetic.
It's starting to rain for President Cyril,if this allegations hold water,will we hear Cyril has to Go?
CyrilDefenceForce
Me thinks he spends to much time in Saxonwold shebeens.
Quality journslism.
But His Excellency, Honourable President Cyril Ramaphosa was not the President then....Molefe must first refund R30 million and explain his saxonworld visits
Tsek
“Zondo called for a tea break and when the sitting resumed made a ruling that in future witnesses who wished to make statements from the stand implicating others should give a warning of seven days that they planned to do so.” ZondoCommission you are a joke. Just waste of time.
That's basically implicating the President of State Capture..
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