CORPORATE ACTIVITY
As media reports surface over a settlement agreement between State-owned Eskom and Optimum coal mine, business rights watchdog AfriBusiness is seeking more information on “what transpired” during the alleged payment of the fine by Tegeta Exploration & Resources. Leveraging the Promotion of Access to Information Act (PAIA), AfriBusiness aims to ascertain how much of the R2-billion fine, which was imposed on Optimum for the delivery of substandard coal, was paid by Gupta family-linked Tegeta, which bought the mine from Glencore last year.
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