STATE CAPTURE HEARINGS
Matshela Koko denies role in Tegeta-Eskom strategy
Koko claims his attempts to root out corruption at the Medupi and Kusile projects put him in the firing line
Eskom head of generation Matshela Koko strongly denied in Parliament on Wednesday that he was part of an alleged strategy to use the utility’s resources to build up Gupta-owned mine company Tegeta Exploration and Resources as a significant player in the coal market. Koko was the second senior executive in as many days after former chief financial officer Anoj Singh to protest his innocence of any involvement in the state capture of the utility before the parliamentary committee. Koko testified about the purchase of Optimum Coal Mine by the Gupta-owned Tegeta Exploration and Resources from Glencore, the R659m prepayment that Eskom paid to Tegeta for coal supplies and corporate governance at the company. He criticised what he said were “the many falsehoods and misleading reports published about me, that are, on my reading, part of a frenzied campaign calculated to break Eskom and to discredit the government. “I have been caught in the crossfire and, arising from the simple magnitude o...