Eskom released a statement saying its coal procurement policy requires all mines that supply its power stations to have a black ownership target of more than 50% throughout the life of the mine, and, as a result, it was concerned about Exxaro's black shareholding dropping to 30%.The utility went on to say, through its interim group CEO Matshela Koko, that its policy of sourcing coal from majority black-owned suppliers is "a thorn in the side of many of the company's main coal suppliers".I found this weird on two fronts.First, how could Exxaro complete and implement a BBBEE transaction that it knew would result in the breach of its biggest customer's procurement policy without at least notifying its customer or, ideally, getting express approval from it?Second, why was Eskom expressing its dissatisfaction with Exxaro's reduction in black shareholding through a media statement?The statement was basically telling us that Eskom was planning to ask Exxaro for a meeting so it could explai...
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