Eskom to spend R24bn a year on black-owned businesses

Minister of Public Enterprise, Malusi Gigaba, told delegates at this week’s Buy Local Summit and Expo that Eskom had set itself a target of spending over R24 billion a year on businesses owned by black youth by 2017. He said it was critical to use state-owned companies to open up opportunities for emerging black miners. “Eskom has negotiated an export capacity allocation at Richards Bay which will be used to provide emerging miners with access to global markets. We have also established a task team involving Transnet and the Chamber of mines to determine how the expansion of the Richards Bay coal terminal can be leveraged to enable access to more capacity for emerging miners,” added Minister Gigaba.