The Competition Tribunal on Monday approved the controversial merger between the Tegeta Exploration and Resources, whose shareholders include President Jacob Zuma’s son and the Gupta family, and Optimum Coal Mine. Tegeta agreed to buy Optimum for R2.15bn in December 2015 after Glencore had placed the mine under administration because it said it couldn’t make a profit because of the terms of a coal supply deal with Eskom.
