Eskom CEO Brian Molefe says it won’t waste a lot of time talking to Futuregrowth
ESKOM was likely to engage further with Futuregrowth Asset Management on its recent decisions to stop lending to the state-owned group, but wouldn’t "waste" a lot of time on it, Eskom Group CEO Brian Molefe said on Friday.He was speaking in Johannesburg on the sidelines of the launch of the South African chapter of the Brazil, Russia, India, China and SA (Brics) Business Council portal. Molefe chairs the South African chapter."Sometimes to engage with people that do not have an intention of being constructive is a waste of time," said Molefe. "I’m sure we will engage, but we will be cautious not to waste a lot of time."Eskom was still adequately funded, Molefe said. "In fact, if Futuregrowth does not want us to sell bonds to them, we won’t do so."At the end of August, Futuregrowth, SA’s largest specialist fixed-income money manager, said it had suspended funding to Eskom and five other parastatals, citing concern about how state companies were being run, government infighting and th...
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