Page 2 - Tegeta Resources News Today

The NPA's Investigating Directorate approaches the court to preserve assets of Gupta-linked companies Optimum Coal Mine and Optimum Coal Terminal.

Gupta owned businesses are the subject of a new asset preservation court application. Photograph: The South African Image Library

OPINION: It would be interesting to see if the Zondo Commission could Brain Molefe’s claims with Glencore chief executive Ivan Glasenberg.

Glencore shares dip on Brian Molefe’s state capture allegations By Siphelele Dludla Share JOHANNESBURG - GLENCORE dipped slightly on Friday after former Eskom chief executive Brian Molefe linked the miner to state capture. Glencore weakened 0.44 percent to R58.24 as Molefe opened a can of worms on Friday, accusing it of using President Cyril Ramaphosas political influence to score lucrative contracts at the power utility. Molefe said Glencore embarked on a politically motivated move to par...

Khulekani Magubane, Fin24 Share The National Union of Mineworkers will march to the Union Buildings on Wednesday, asking government to take on the Optimum colliery and establish a state-owned mining company to protect the jobs of mineworkers left stranded by Tegeta’s fall into business rescue. The union said in a statement on the march that mineworkers at Optimum and Koornfontein Colliery Mines in Mpumalanga had not received their salaries in three mont...

The Zondo Commission has once more been caught in a rigmarole around how Brian Molefe was appointed Eskom CEO in 2015. According to Henk Bester, former managing director of rail at engineering firm Hatch Global, Gupta lieutenant Salim Essa boasted in a meeting that Brian Molefe would head up Eskom. Essa made this prediction in 2014, exactly a year before Molefe was appointed. According to Bester, Essa said the Guptas had immense power and could appoint executives to do their bidding at parastat...