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Gigaba asked to approve ‘various components of nuclear deal’
At the beginning of May, Eskom chairperson Ben Ngubane penned a letter to the finance minister in an attempt to strengthen their working relationship.
Ngubane has appealed to Gigaba to intervene in the debacle involving the Guptas Tegeta mine, Eskom and treasury.
According to City Press, the letter was sent to Gigaba two weeks after the Western Cape High Court ruling that parts of the deal was unconstitutional.
In the letter Ngubane is understood to have requested a direct line to Gigaba, pleaded with the minister to amend the preferential procurement policy framework act, loosen the stringent conditions on Eskom’s R350 billion guarantees and exempt Eskom from PPPFA and the approval of the Standard Infrastructure Procurement and Delivery Management.
Ngubane also asked Gigaba to resolve the two-year contract dispute between Eskom and Gupta owned mine, Tegeta.
Eskom board chairperson Khulani Qoma told City Press the letter was standard procedure.
“The PPFA had already been acknowledged by government as being an impediment to economic transformation…the request was therefore to enhance the PPFA to enable radical economic transformation.”
“Our lessons learnt from the R23 billion equity injection conditions have highlighted certain risks that need to be managed appropriately to ensure the ratings agencies and funders continue to have comfort,” said Qoma.
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