#StateCaptureInquiry: Eskom failed to do due diligence on Tegeta | IOL News

The Zondo Commission of Inquiry into State Capture. File picture: Karen Sandison/African News AgencyJohannesburg - Eskom executive Daniel Mashigo on Tuesday told the Zondo Inquiry that the financial evaluation of Gupta-linked coal mining company Tegeta Resources was done "just to tick the box" after a multi-billion rand contract with Eskom had already been signed.  In 2014, Eskom entered into a 10-year coal supply agreement worth R4.

The coal supplied by Tegeta was also found to be substandard, and the company filed for business rescue in February 2018.  Mashigo said that it was out of the norm to conduct the financial assessment after the contract had been signed, adding that 90 percent of awarding the contract is based on the financial ability of the company to deliver on the contract.

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