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Eskom to create fund to support emerging coal miners – Moneyweb

Dec. 10 (Bloomberg) — Eskom Holdings SOC Ltd. plans to set up a fund to help finance mining companies owned by black South Africans and boost supply of the fuel to the state-run utility.

Eskom, generating 95 percent of the country’s power, will join Industrial Development Corp., the National Empowerment Fund and the Development Bank of Southern Africa for the fund, Malusi Gigaba, minister of public enterprises, told reporters today.

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