Guptas’ Oakbay Signs Coal-Export Deal at Premium to Eskom

Updated on
  • Agreement completed for 150 rand a ton more than Eskom deals
  • A South African party has been using export-terminal rights

Oakbay Investments, owned by the Gupta family, signed a contract to export power-plant coal at a premium to the price it gets from South Africa’s electricity utility, said Chief Executive Officer Nazeem Howa.

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