Another investor dampens Ramokgopa’s plans, Eastern Cape Premier’s possible University fraud, PIC sells part of Steinhoff stake, Kenny Kunene is the new actign Joburg mayor.
: Kweku Bedu-Addo, the CEO of Standard Chartered Bank Southern Africa, says further investment in Eskom’s ageing coal-fired power plants is unlikely as investment firms turn towards greener investments. In April, the electricity minister Kgosientsho Ramokgopa said that private investment was needed to extend the lifespan of Eskom’s ageing coal-fired fleet to reduce load shedding.
In a filing with the Netherlands Authority for Financial Markets , the company disposed of over 180 million shares – 4.22% of the company. Due to the collapse of the Steinhoff share price in December 2022 following a proposed restructuring where creditors would receive 80% of a new unlisted holding company, it is unlikely that the PIC raised more than R40 million in the sale.
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