TEGETA COAL DEALS
Treasury gets nod to amend Eskom report
Treasury’s report on Eskom’s coal-supply agreements with Gupta-linked Tegeta ‘to be updated’
Finance Minister Malusi Gigaba has reached an in-principle agreement with Parliament that the Treasury’s report on Eskom’s coal-supply agreements with Tegeta Exploration and Resources be adjusted and the legislature also factor in the outcomes of a forensic probe. Standing committee on public accounts (Scopa) chairman Themba Godi confirmed this to Business Day. He had previously said the committee considered the report in its possession, which Business Day has seen, to be the final version. The report before Scopa recommends, among other things, that the R659m prepayment Eskom made to Tegeta be deemed a loan and interest be calculated. It also recommends the amount be regarded as irregular expenditure.
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