Industry insider says parastatal’s deal with family’s company is ‘sleight of hand’ as coal is diverted from one power station and bought for a higher price at another

Eskom has quietly awarded a contract worth more than R564 million to a coal mining company owned by the Gupta family and President Jacob Zuma’s son Duduzane.

Two months after being awarded the lucrative contract, Tegeta Exploration and Resources appears to have performed a financial miracle.