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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 Ramaphosa's political influence to score lucrative contracts at the power utility. Molefe said Glencore embarked on a politically motivated move to partner with Ramaphosa, who was then ANC's deputy president, and appointed him chairperson of its subs...

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 months. The NUM also claims that the business rescue practitioners tasked with assisting Tegeta have tr...