{"id":4255,"date":"2021-02-10T20:15:27","date_gmt":"2021-02-10T20:15:27","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/?p=4255"},"modified":"2021-02-10T17:25:59","modified_gmt":"2021-02-10T17:25:59","slug":"ex-eskom-cfo-anoy-singh-tried-to-renegotiate-gupta-discount-zondo-commission-hears","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/ex-eskom-cfo-anoy-singh-tried-to-renegotiate-gupta-discount-zondo-commission-hears","title":{"rendered":"Ex-Eskom CFO Anoy Singh tried to renegotiate Gupta discount, Zondo commission hears"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.net\/south-africa\">South-Africa<\/a>. <\/strong><\/span>Johannesburg &#8211; A former senior Eskom official on Tuesday told the Commission of Inquiry into State Capture that the power utility\u2019s disgraced ex-chief financial officer, Anoj Singh, negotiated a discount that a Gupta-owned company had already offered.<\/p>\n<p>Dr Ayanda Nteta, Eskom\u2019s fuel resources senior manager, testified that she was informed by the power utility\u2019s board tender committee that Singh would negotiate a discount with Gupta-owned Tegeta Resources.<\/p>\n<p>This was despite Tegeta Resources offering Eskom a 3.5% discount, yet the committee, which was chaired by the power utility\u2019s former acting chief executive and board member Zethembe Khoza, informed officials that Singh would negotiate a discount.<\/p>\n<p>Nteta told the commission that Tegeta had already made that offer to her, but the committee decided that Singh would negotiate a discount.<\/p>\n<p>According to evidence leader Pule Seleka, the committee was not told that Tegeta Resources had already offered the discount.<\/p>\n<p>\u201dThere was no negotiation necessary as Tegeta had already made the offer of a discount,\u201d Seleka said.<\/p>\n<p>He said there was no evidence that Singh negotiated a discount and that at the parliamentary inquiry into Eskom\u2019s affairs, he indicated that he could not recall who he negotiated the discount with.<\/p>\n<p>Nteta said Tegeta Resources chief executive Ravindra Nath told her that the R659 million prepayment the Gupta company wanted was for the operations of the mine.<\/p>\n<p>She further told the Commission that Nath informed her that the prepayment made in April 2016 was to fund the production requirements of the export component of its soon-to-be-acquired Optimum Coal mine.<\/p>\n<p>Nteta admitted that she should have received the Tegeta Resources offer before writing the submission to the committee, as this was best practice.<\/p>\n<p>\u201dYou were helping Tegeta come up with a reason that would justify the prepayment; that\u2019s the impression it creates,\u201d said Seleka.<\/p>\n<p>Nteta said Tegeta Resources told her it wanted a prepayment verbally, but she did not delve into the details of that, and left it to other Eskom officials who dealt with the prepayments.<\/p>\n<p>She said when she engaged with Tegeta Resources, she was the person acquiring the asset, and therefore should not be dealing with payments.<\/p>\n<p>\u201dI was focusing on the acquisition of the coal,\u201d she maintained.<\/p>\n<p>Nteta said Nath sent the pro forma invoice for the R659m the day after making her submission to the committee.<\/p>\n<p>She said it was unusual to receive an invoice, as she did not get them in the normal course of her duties. Invoices were sent to finance.<\/p>\n<p>An Eskom finance official later informed her they knew nothing about the invoice.<\/p>\n<p>She forwarded the invoice to Eskom chief procurement officer Edwin Mabelane and former company secretary Suzanne Daniels.<\/p>\n<p>Seleka said Eskom officials took extraordinary measures to assist Tegeta Resources.<\/p>\n<p>Nteta denied this, saying hers were not extraordinary steps.<\/p>\n<p>\u201dI felt I should inform them before I sent a pro forma invoice,\u201d she said.<\/p>\n<p>Five other witnesses are scheduled to give evidence at the commission on Wednesday and on Thursday, including Daniels and the power utility&#8217;s former board members Venete Klein, Dr Pat Naidoo, Viroshini Naidoo and Mark Pamensky.<\/p>\n<p>[email protected]<\/p>\n<p><b>Political Bureau<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. Johannesburg &#8211; A former senior Eskom official on Tuesday told the Commission of Inquiry into State Capture that the power utility\u2019s disgraced ex-chief financial officer, Anoj Singh, negotiated a discount that a Gupta-owned company had already offered. Dr Ayanda Nteta, Eskom\u2019s fuel resources senior manager, testified that she was informed by the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":4254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[274,315,275],"class_list":["post-4255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ex-Eskom CFO Anoy Singh tried to renegotiate Gupta discount, Zondo commission hears - South Africa<\/title>\n<meta name=\"description\" content=\"Johannesburg - A former senior Eskom official on Tuesday told the Commission of Inquiry into State Capture that the powe ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/ex-eskom-cfo-anoy-singh-tried-to-renegotiate-gupta-discount-zondo-commission-hears\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ex-Eskom CFO Anoy Singh tried to renegotiate Gupta discount, Zondo commission hears\" \/>\n<meta property=\"og:description\" content=\"Johannesburg - 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