South African billionaire Motsepe says he won't buy Eskom assets - Dealers Care

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Tuesday, 19 February 2019

South African billionaire Motsepe says he won't buy Eskom assets

JOHANNESBURG (Reuters) - South African billionaire Patrice Motsepe said on Monday that he would not buy any assets which struggling state power firm Eskom puts up for sale, in response to speculation that he was eyeing an Eskom financial subsidiary. President Cyril Ramaphosa, who is Motsepe's brother-in-law, this month unveiled a plan to split Eskom into three units to boost efficiency, which some analysts see as a path to privatising the utility.

from Latest News Business on Firstpost http://bit.ly/2GVkuH8

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