Billionaire Patrice Motsepe promises to keep hands off Eskom unbundling

South African billionaire Patrice Motsepe has denied allegations that the unbundling of Eskom will benefit his firm.

Motsepe is the chairperson and founder of African Rainbow Energy and Power.

Both the Energy Minister Jeff Radebe and president Cyril Ramaphosa are Motsepe’s in-laws, reports EWN's Kgomotso Modise.

As a result of this, there have been claims that Ramaphosa’s unbundling plans would benefit Motsepe through the Energy Department.

Read: Patrice Motsepe says he won't be part of any Eskom unbundling contracts

Motsepe says while his company does have a stake in the equity of the Energy Department’s renewable energy independent power producer program, its share is less than 10%.

He gave assurance that he is a man of integrity and that he abides by the law.

Kgomotso Modise, Reporter - EWN

He also says that the nine renewable energy independent power producer projects that his firm is participating in were acquired from privately owned companies and not the Energy Department.

Kgomotso Modise, Reporter - EWN

Also read: Ramaphosa establishes Cabinet committee to keep watch on Eskom

The billionaire says he never supported the privatisation of Eskom.

He maintains that his company will not participate in the sale or disposal of any entities or assets of Eskom.

Listen to the EWN update on The John Maytham Show:


This article first appeared on CapeTalk : Billionaire Patrice Motsepe promises to keep hands off Eskom unbundling


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