Mining SOE in rogue deal to buy former Gupta unit Optimum
Transaction entered into without the knowledge or permission of Treasury or energy minister
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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