https://www.miningweekly.com

ESKOM BALL AND CHAIN

28th April 2017

By: Martin Creamer

Creamer Media Editor

     

Font size: - +

Although State utility Eskom has referred to a change of ownership “sticking point” and the need for an urgent meeting with Anglo American, two labour unions have publicly backed the sale of Anglo’s Eskom-tied coal assets to Seriti, the new 79% black-owned start-up that is aspiring to be South Africa’s next big mining champion. Headed by mining luminary Mike Teke, Seriti easily ticks all the transformation boxes in being jointly owned by four equal anchor shareholders made up of Teke’s Masimong Group Holdings, Thebe Investment Corporation, headed by executive chairperson Vusi Khanyile, Zungu Investments Company, led by Sandile Zungu, and the black-women-led Community Investment Holdings Projects, which was established in 1995 by Dr Anna Mokgokong, who is also the Seriti chairperson, and Joe Madungandaba. Both the National Union of Mineworkers and the Solidarity union expressed strong support for the R2.3-billion deal, which is seen as being jobs positive.

Comments

Showroom

Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.178 0.212s - 87pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: