No risk to credit rating - Molefe

Eskom's former chief executive, Brian Molefe. Picture: Timothy Bernard

Eskom's former chief executive, Brian Molefe. Picture: Timothy Bernard

Published Aug 31, 2016

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Cape Town - The chief executive of South Africa's state-run power utility Eskom said on Wednesday he did not think a public row with the Treasury over an investigation into coal contracts would negatively influence the company's credit ratings.

Brian Molefe was speaking to reporters after he told a parliamentary briefing that there was nothing untoward about Eskom's business relations with a company linked to the wealthy Gupta family that is accused of holding undue political sway over President Jacob Zuma.

Read also:  'Eskom did nothing wrong'

The Public Enterprises Minister Lynne Brown said on Tuesday she was concerned the row between the Treasury and Eskom could lead to the utility being downgraded by credit rating agencies.

REUTERS

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