Cyril Ramaphosa in firing line in latest probe request
The Competition Commission has been asked to investigate possible collusion and uncompetitive practices related to Eskom coal contracts in a request implicating Deputy President Cyril Ramaphosa’s Shanduka Trust. Business Day has seen the written request for the investigation, but the complainant sought to remain anonymous. "These exclusive contracts have been in place for a number of years and will remain in place … with the earliest agreement terminating in 2019 and the latest in 2033. These contracts are cost-plus contracts, which means Eskom prepays these firms before they supply the power stations with coal." The complaint said smaller suppliers could not compete with Anglo American, Exxaro and BHP Billiton to supply coal to these power stations because of the exclusive agreements. It also listed Shanduka Coal, a coal company managed by Glencore SA and Phembani Coal Investments and in which Ramaphosa held an interest in trust. It named Thandeka Ncube, a former director of Shandu...
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