Minister Lynne Brown responds to decision on loans to Eskom and Transnet

1 September 2016

“I want to assure all lenders and investors that Eskom and Transnet are credible and reliable borrowers with strong credit fundamentals as evidenced by their respective credit profiles.

“Their performances over the past financial year confirm their strong governance structures including the stable Boards of Directors and Executive Committees.

 “I, as Shareholder Representative on behalf of Government, have recently concluded Eskom and Transnet's Annual General Meetings. The Boards have fulfilled successfully their performed their fiduciary duties and both companies had unqualified audit reports. This is a critical indicator for any international or national investor to invest in the future of both companies and in South Africa.

As the Shareholder Representative of Government in these two SOCs, I urge current and potential future investors to directly engage with me and the SOCs about any matter of concern in regard to their investments.

Issued by Colin Cruywagen on behalf of Minister Lynne Brown, 2 September 2016