Carol Paton Writer at Large
Optimum, formerly owned by the Guptas’ mining company Tegeta, has been in business rescue for more than a year without any resolution. Picture: FREDDY MAVUNDA
Optimum, formerly owned by the Guptas’ mining company Tegeta, has been in business rescue for more than a year without any resolution. Picture: FREDDY MAVUNDA

The state-owned enterprise (SOE) that won the option in February to acquire Optimum mine, formerly owned by the Gupta family, entered into the transaction without the knowledge of the Treasury or permission from the energy minister.

Optimum, formerly owned by the Guptas’ mining company Tegeta, has been in business rescue for more than a year without any resolution, which has put the mine and employees who have not been paid since October 2018 at risk.

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