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“There was a period when the price of export coal skyrocketed in dollars and all the coal producers tried to enter the international market. At the time, the Optimum Coal mine was washing its coal, making the best for export and delivering garbage to Eskom, even that garbage was under the stipulated coal supplier agreement. It was then that the issue of sanctions began to emerge.
“It is pathetic that large organizations like these, rich as they are, have totally abused us in SA to get rid of all the wealth and take it abroad to their shareholders … I think this was a very felt sensitivity at Eskom. Glencore and its subsidiaries were only interested in making a profit [regardless of] if Eskom suffered damage due to the poor quality of the coal that was burning, they didn’t care, ”argued Ngubane.
The Deputy Chairman of the Commission’s Supreme Court, Raymond Zondo, asked Ngubane to respond to allegations that there were people who manipulated processes or used Eskom for their own agendas.
“It is quite disturbing. I think it’s a bigger problem that we have as a governance country, ”Ngubane replied.
The hearings continue.
TimesLIVE
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