Ephron is appearing at the inquiry to respond to allegations against Glencore made by former Eskom executives Matshela Koko and Brian Molefe.
Koko and Molefe told the inquiry the nexus of the collapse of the coal supply agreement between Eskom and Optimum was that Glencore, when it acquired Optimum, had not done due diligence because it counted on Ramaphosa to be a shield in getting its way with Eskom.
Ephron admitted Glencore “did not do a comprehensive due diligence” when it acquired Optimum, but said Ramaphosa being a shareholder had nothing to do with it.
TimesLIVE