Tegeta contract was unusual, #StateCaptureInquiry hears | IOL News

Deputy Chief Justice Raymond Zondo, who chairs the Commission of Inquiry into State Capture. Picture: Karen Sandison/African News Agency

Tegeta, a Gupta-linked which owned mining coal company Optimum, had signed an over R4 billion contract to supply Eskom with coal. Advocate Kate Hofmeyr, for the commission's legal team, said evidence has shown how the signing of this contract was rushed and Eskom staff were told to get it done within a day.

"90% of the decision is based on the viability of the business and 10% on the functioning component. When we produce our submission report there is a paragraph that talks to the financial assessment. We would not award the contract in the first place before this is done. I see no other purpose this assessment was done after the contract was awarded unless it was just to tick a box," said Mashigo.

Van der Reit died last year days after he had provided the Zondo commission with a signed statement. Van der Reit wrote that Tegeta had started raising issues that the officials at Siboniswe, an accredited laboratory, had demanded bribes. "He had started to compile a report in preparation to submit to Eskom, but was unable to do so because he was suspended the following week for 32 months," Hofmeyr said.

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