Pa­men­sky ig­nored duty

The Times (South Africa) - - OPINIONOPINION ANDLETTERS - — Clive Cot­terell, South­b­room

A QUES­TION­ABLE fine of R2.1-bil­lion was levied by Eskom against Glen­core and its Op­ti­mum mine, which eased the way for the Gup­tas to buy the mine through their com­pany Oak­bay.

At the time, Mark Pa­men­sky was a board mem­ber of Eskom and Oak­bay. Through leaked emails Pa­men­sky is linked to aid­ing Oak­bay in ad­vis­ing them not to pay the fine to Eskom. This was a di­rect con­flict of in­ter­est. Pa­men­sky ig­nored his duty to Eskom as a state-owned en­ter­prise.

The fine was re­duced to R255.4-mil­lion af­ter the sale to Oak­bay.

Civil so­ci­ety and busi­ness must os­tracise these dis­taste­ful in­di­vid­u­als who align them­selves with the cor­rupt elite ru­in­ing our econ­omy

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