Gupta acolyte Collin Matjila is the man who, perhaps more than any other single individual, opened the door for the family to start plundering Eskom’s R50bn-a-year coal budget. This emerges from an account by Eskom’s head of primary energy, Vusi Mboweni, of a meeting he attended in 2014 with Matjila, who was acting CEO at the time, and Gupta executive Ravindra Nath, at a hotel in Melrose Arch. Mboweni provided details of the alleged meeting to investigators from a Treasury-appointed investigation under way into allegations of corruption at Transnet and Eskom. The Treasury probe has already unearthed a wealth of new detail of malfeasance at the parastatals. As the Zondi commission of inquiry into state capture kicks off on Monday, it is worth reflecting on how the Guptas managed to get their tentacles into the country’s largest and most important state-owned enterprise. The utility has been at the centre of corruption allegations, with years of mismanagement leaving it with a financi...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.