Dec 2, 2021

Ex Eskom Executive Admits Persuading Molefe To Terminate Glencore Agreement

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Mr Koko was testifying before the state capture commission of inquiry on Wednesday.

CAPE TOWN, SOUTH AFRICA – MAY 30: Eskom CEO Brian Molefe and the power utility’s CFO Anoj Singh during a meeting with Parliament’s Standing Committee on Public Accounts (SCOPA) on May 30, 2017 in Cape Town, South Africa. The Eskom delegation appeared before Scopa to explain how coal contracts were awarded to the Gupta-linked Tegeta company. (Photo by Gallo Images / Sowetan / Esa Alexander) ------ digital tony leon column

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JOHANNESBURG: The same can be said about the former chief financial officer, Mr Anoj Singh, Mr Koko continued during his testimony.

Former Eskom acting CEO Mr Matshela Koko has admitted to having persuaded former CEO Mr Brian Molefe to terminate a cooperation agreement between the power utility and Glencore.

Mr Koko said he is taking responsibility for the cancellation because Mr Molefe was new at Eskom and did not have enough information to make decisions. The same can be said about the former chief financial officer, Mr Anoj Singh, Mr Koko continued during his testimony.

Mr Koko was testifying before the state capture commission of inquiry on Wednesday.

He told the commission that all decisions made relating to Tegeta should be pinned on him. He said these include some upfront payments made to Tegeta.

After the Zondo commission was granted a three-month extension in February, it will now complete its report by 30 June.

The commission said it had lost three months owing to the Covid-19 lockdown and its initial deadline was March 2021.

The commission was established in 2018 to investigate allegations of state capture.

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