Former chief executive of Glencore Plc, Clinton Ephron, is expected to present testimony to the Zondo commission about how the Gupta family bullied and ended one of the world’s largest coal miners’ business with Eskom, according to ANA News.
In 2016, the Gupta family’s Tegeta Resources bought Optimum Coal Mine from Glencore for ZAR 2.15 billion after Eskom extended a R586 million prepayment for coal. This was the same amount Tegeta was short to complete its purchase of the coal mine. The deal is believed to have been orchestrated by former mineral resources minister Mosebenzi Zwane just days after he was appointed by then president, Jacob Zuma, a close friend of the Gupta family, ANA News said.
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