ESKOM would continue to do business with Gupta-linked Tegeta Resources as the Guptas and the company had not been found guilty of anything, Eskom CEO Brian Molefe told MPs on Wednesday. As they had not been found guilty of anything, in terms of the constitution and the Public Finance Management Act, they could not be blacklisted without reason, he said. Eskom executives told Parliament’s portfolio committee on public enterprises that the coal contracts with Tegeta were entirely above board and the company had not been given preferential treatment. Eskom has been at the centre of a storm over its coal contracts with the Guptas, with the Treasury accusing it of frustrating its efforts to investigate them properly. The Treasury’s investigation report found that Eskom had accepted substandard coal from Tegeta. But Eskom officials, replying to questions by opposition party MPs, said that allegations the coal was substandard were unfounded. They also said the fact that Tegeta had benefite...
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