AFRICAN Rainbow Minerals (ARM) executive chairman Patrice Motsepe tore into embattled power utility Eskom during a results presentation on Monday, saying it had let SA down "very badly" and urging greater co-operation between business and the government.ARM, which was founded and is owned by Mr Motsepe, wants to add platinum and copper assets to its portfolio despite having taken a beating in both commodities in the first half of its financial year.Mr Motsepe, who has served as president of various business chambers, said there had to be greater co-operation between business and the government to make SA globally competitive. But he singled out Eskom as particularly problematic. "Eskom has let all of us down very badly and there should be quite serious intervention to make sure Eskom is a competitive, costeffective, reliable provider of electricity," he said."If electricity and water were available at a competitive price … a huge number of jobs could be created, not only by ARM but ...
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