Motsepe denies accusations that he will benefit from Eskom unbundling

- | 12 months ago

Billionaire businessman Patrice Motsepe has denied claims that the unbundling of Eskom will benefit his firm African Rainbow Energy and Power (AREP).

The businessman held a briefing to dispel allegations of nepotism after President Cyril Ramaphosa announced during his state of the nation address that Eskom would be unbundled into three entities. The motion to unbundle Eskom was ill-received by the Economic Freedom Fighters (EFF), who claimed the move by the president aimed to benefit his brother-in-law, Motsepe, and Energy Minister Jeff Radebe – who is also Motsepe’s brother-in-law.

Ramaphosa rejected the allegations that he had rushed to sign any independent power producers (IPP) deal in a bid to benefit the AREP group chaired by Motsepe.

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