. . . and while we are on the subject of the two-bit agreement...

. . . and while we are on the subject of the two-bit agreement with FFS.
This company is embroiled in a ESKOM corruption case.
Does KKO think that partnering with an company suspected of ESKOM corruption is going to endear them to ESKOM - potentially their major customer?
Anyway FFS is a black oil company - why are they even talking to them?

The South African SUNDAY NEWS has the details in a recent article;

Mkhuseli Faku, chairperson of one of Eskom’s biggest suppliers of fuel oil for its coal-fired power stations, has been caught in a double-dipping scandal with the power utility also caught napping on how it scrutinizes its suppliers.
Faku is the chairperson of FFS Refiners, one of the largest suppliers of industrial heating fuels in South Africa.
FFS Refiners is majority-owned by Faku’s investment vehicle, Calulo Investments.
On December 4 2020, FFS Refiners reported a force majeure because of a fire incident at the Enref Refinery that morning.The shortfall of fuel oil would have seen Eskom’s generation stations affected and could have resulted in serious electricity supply issues.
This forced Eskom to embark on an emergency procurement of fuel oil from alternate suppliers. The suppliers were Refinex, Eco Oil and Kepu Trading, a company Faku and his wife were active directors in.
According to internal Eskom communication, which we have seen, Kepu was paid R89-million for supplying grade 3 fuel oil to the utility.Eskom’s spokesperson Sikonathi Mantshantsha said Eskom had not been aware of any relationship between FFS Refineries and Kepu.“This was brought to Eskom’s attention by Kepu on the afternoon of 8 September 2021, in a letter to Eskom advising of Kepu’s intention to withdraw its tender on a transaction that is under evaluation.
This was less than an hour after Eskom received an enquiry from a newspaper last week on this alleged relationship,” he said.“The withdrawal letter does not make any mention of this possible relationship between Kepu and FFS. The withdrawal letter is dated 23 August 2021. Also on September 9 2021, FFS wrote an e-mail to Eskom explaining its relationship with Kepu. This relationship was brought to Eskom’s attention through the above communication for the first time.
Prior to this, none of the two companies declared any relationship or conflict of interest.