LIVE FEED: State capture inquiry - March 8, 2021
Former Transnet Group Chief Executive officer Brian Molefe is set to face off again with Deputy Chief Justice Raymond Zondo over allegations of his involvement in the state capture of the rail freight company while at the helm.
Molefe’s appearance on Monday before the Commission of Inquiry into State Capture came less than a week after he appeared on allegations of his involvement in the approval of a R1.68 prepayment approval to Gupta owned Tegeta Exploration and Resources in December 2015.
He has denied the allegations but according to evidence before the commission, Molefe allegedly played a key role in the power utility’s pursuit of Optimum Coal Mine, which was then owned by mining giant Glencore, for R2.17bn in penalties for supplying substandard coal.
During his testimony, he said the R2.17bn owed by Glencore owned Optimum Coal was not a figment of his imagination and he rejected the narrative that suggested it was his scheme to impose the penalty to force Glencore to sell Optimum Coal mine to the Guptas.
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The Guptas eventually acquired the Optimum Coal and the company’s penalties were reduced to R255 million.
But Molefe insisted that the R2.17bn in penalties were properly documented and that there was a basis for Eskom issuing them.
But evidence leader Adv Pule Seleka disputed it, saying it could not be concluded that the R2.17bn penalties were properly documented.