{"id":98251,"date":"2015-09-13T18:46:43","date_gmt":"2015-09-13T16:46:43","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=98251"},"modified":"2015-09-13T19:19:54","modified_gmt":"2015-09-13T17:19:54","slug":"guptas-are-more-important-than-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/energy\/98251\/guptas-are-more-important-than-south-africa\/","title":{"rendered":"&#8216;Guptas are more important than South Africa&#8217;"},"content":{"rendered":"<p>The DA says it will question deputy president, Cyril Ramaphosa, over a reported dodgy coal deal between the Guptas and Eskom.<\/p>\n<p>The Sunday Times reported that state-owned and state-controlled power utility, Eskom, &#8216;bent over backwards&#8217; to ensure that the politically-connected Gupta family were awarded a coal deal to the value of R4 billion.<\/p>\n<p>&#8220;It is incumbent on Cyril Ramaphosa, as head of government\u2019s \u201cwar room\u201d on the energy crisis, to provide a full and detailed explanation as to how this occurred under his watch,&#8221; said shadow minister of public enterprises, Natasha Mazzone.<\/p>\n<p>&#8220;Gupta-owned company, Tegeta Exploration and Resources, astonishingly landed a R4-billion deal to supply Majuba power station in Mpumalanga with coal for the next 10 years, despite having been rejected since 2011, due to their poor standard of coal.<\/p>\n<p>&#8220;The company was awarded the deal on its fifth attempt, after failing a coal quality test four times \u2013 at a cost of R100,000 per test to Eskom. After the deal was concluded, four senior employees were controversially suspended after they questioned the quality of the Gupta coal,&#8221; Mazzone said.<\/p>\n<p>The analysis reports following the tests showed the coal to be supplied was &#8216;marginal&#8217;, raising questions as to why the coal was chosen over other options, the DA said.<\/p>\n<p>&#8220;It is a well-known fact that the Gupta family has strong ties to the ANC, and President Jacob Zuma in particular. From the chartering of Gupta-owned aircrafts and the infamous &#8216;Guptagate&#8217;, to inflated expenditure by government on advertisements in the Gupta-owned newspaper The New Age, one thing is clear \u2013 the Guptas come first, and South Africa comes second,&#8221; Mazzone said.<\/p>\n<p>The DA said it will be requesting answers to the following questions from Ramaphosa:<\/p>\n<ul>\n<li>How many contracts does Gupta-owned Company, Tegeta Exploration and Resources, have with Eskom;<\/li>\n<li>What is the nature, value and details of such contracts;<\/li>\n<li>Have all said contracts followed the prescribed tender process;<\/li>\n<li>If not, what are the reasons for deviation from the prescribed tender process;<\/li>\n<li>What other financial interests, directly and indirectly, do the Guptas have in Eskom.<\/li>\n<\/ul>\n<p>&#8220;South Africa has a right to be assured that every cent of public funds is spent to further the lives of every citizen,&#8221; it said.<\/p>\n<p>On Sunday, Oakbay Investments CEO Nazeem Howa, <a href=\"http:\/\/citizen.co.za\/763206\/howa-hits-back-at-sunday-times\/\" target=\"_blank\">told the Citizen<\/a>, that the article in the Times was \u201cpoorly researched, factually bankrupt story and editor\u2019s comment\u201d.<\/p>\n<p>\u201cIt claims we are supplying Eskom with sub-standard coal \u2013 again, the daily testing at Eskom-controlled labs will prove this to be untrue. The discrepancy in quality only came up in August 2015, despite daily testing,\u201d he said.<\/p>\n<p>He said that Oakbay Investments, the family\u2019s (Gupta) primary vehicle, holds less than 50% of the shareholding in Tegeta.<\/p>\n<h3 class=\"my-4\">More on Eskom<\/h3>\n<p><strong><a href=\"http:\/\/businesstech.co.za\/news\/energy\/98241\/gupta-family-scores-r4-billion-coal-supply-deal-with-eskom\/\">Gupta family scores R4-billion coal supply deal with Eskom<\/a><\/strong><\/p>\n<p><strong><a href=\"http:\/\/businesstech.co.za\/news\/energy\/97653\/eskom-fails-performance-targets-pays-bonuses-anyway-da\/\">Eskom fails performance targets, pays bonuses anyway: DA<\/a><\/strong><\/p>\n<p><strong><a href=\"http:\/\/businesstech.co.za\/news\/energy\/96495\/eskom-has-no-backup-plan-after-pulling-coal-supply-deal\/\">Eskom has no backup plan after pulling coal supply deal<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\ufeffThe DA says it will question deputy president, Cyril Ramaphosa, over a reported dodgy coal deal between the Guptas and Eskom.<\/p>\n","protected":false},"author":10,"featured_media":76945,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9874],"tags":[1293,1164,26],"class_list":["post-98251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-cyril-ramaphosa","tag-eskom","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/98251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=98251"}],"version-history":[{"count":10,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/98251\/revisions"}],"predecessor-version":[{"id":98271,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/98251\/revisions\/98271"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/76945"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=98251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=98251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=98251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}