State mining boss faces the axe for bidding for Gupta mine

Sizwe Madondo has been summoned to a disciplinary hearing so he can explain why he signed the mega deal behind the board’s back.

When contacted for comment this week, Madondo said: “I am unable to provide the response to your request as my disciplinary hearing is scheduled for next week from Wednesday to Friday. The 234-page report – which City Press has seen – by the firm Gobodo Forensic and Investigative Accounting shows that Madondo brought the Optimum Coal Mine deal to the board’s attention on September 7 2018. In it, AEMFC would partner with Lurco Coal Mine for an equal stake in Optimum mine.

Lurco made headlines when it emerged as a successful bidder for the Gupta-owned Koornfontein mine in October. On the trips, Madondo was accompanied by former Central Energy Fund chairperson Luvo Makasi, then PetroSA chairperson Nhlanhla Gumede and Lurco Coal founder and CEO Ellington Nxumalo. Madondo, when he appears at the disciplinary hearing, will also have to answer questions about the alleged irregular awarding of a coal supply contract to non-mining company Mwelase to supply coal to Eskom.

“Mvelase does not operate a coal mine … it failed to furnish the proof of Eskom supplier certification as required by National Treasury in its approval of the request for deviation,” reads a charge sheet.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jacob Zuma's legal team to fight State Capture summons | IOL NewsStateCaptureInquiry: In November last year former president JacobZuma failed to reappear at the Zondo commission as scheduled, his lawyers saying he was too ill to give further testimony. Did you really believe he would come. He feels nothing for RSA Good call why this state capture not summons Coleman Andrews It's the same state capture that refused Moyane to cross examined previn
Source: IOL - 🏆 46. / 51 Read more »

State capturers can’t be allowed to win on GordhanA common feature linking many of those calling for Gordhan’s head is that they themselves have been accused of, or linked to, looting. The fight back has begun. Which state captures? PG couldn’t prove such lies at the Zondo Commission 😂😂 PravinMustFall Pravin was the finance minister during the Gupta looting era, he went to Saxonworld numerous times but our beloved ThuliMadonsela3 never mentioned and recorded the numberber of times he has been there like she did with Brian. This is Treason because Jamnadas has killing SA So EFF is Indeed a state capture
Source: TheCitizen_News - 🏆 6. / 75 Read more »

WATCH LIVE | State capture: Zondo to hear application on Zuma summonsThe chair of the commission of inquiry into state capture, deputy chief justice Raymond Zondo, will hear an application from the commission's legal team to issue a summons to former president Jacob Zuma. PravinMustFall
Source: TimesLIVE - 🏆 28. / 59 Read more »

De Lille eyes fraud charges over R76m price tag for state funerals of ANC veterans – reportDe Lille eyes fraud charges over R76m price tag for state funerals of ANC veterans - report Watch her lose the ministerial position in 6 months time She's going to open a can of worms and ANC won't be happy
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Witnesses may face jail time for evading questions at state capture inquiryNew rules could make Jacob Zuma’s testimony more challenging before Zondo commission Mmxxxxxm if you don’t have any news keep quiet? SimonPGrindrod Wishful thinking or actual fact? PravinMustGo
Source: BDliveSA - 🏆 12. / 63 Read more »

Zuma could be compelled to return to State Capture Commission - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Commission of Inquiry into State Capture will kick off the year with an application by the Commission's legal team for an order authorising a summons for former president Jacob Zuma to appear from the 27th to 31st of January. Can force a horse down the river but can't force it to drink. I already foresee his answers become more and more useless under duress. He is not above the law. Hehehe
Source: SABC News Online - 🏆 32. / 51 Read more »