There was no alternative to Eskom’s R1.68bn prepayment to Tegeta, says Koko Matshela

Matshela Koko, the former head of generation at Eskom, told the state capture commission of inquiry that there was nothing wrong with a controversial R1.68 billion pre-payment which the power utility made to Gupta-owned Tegeta Exploration and Resources after the company clinched a coal supply deal in 2015. “I would testify here that there is absolutely nothing wrong with the transaction of the R1.68 billion pre-payment. In fact, it was the only alternative available to Eskom,” Koko said on Tuesday, without explaining the importance of the payment.