Unbundling of Eskom, allegedly designed to benefit Ramaphosa’s brother inlaw, Patrice Motsepe

Some quarters have raised alarmed that the planned unbundling of Eskom is tacitly designed to favour billionaire Patrice Motsepe.

To this end,  South Africa billionaire Patrice Motsepe who is a brother inlaw to president Cyril Ramaphosa, has broken his silence about speculations surrounding his role in the unbundling of embattled Eskom.

Motsepe is one of Africa’s richest men and has a net value of close to $2-billion (R25 billion).

He told a Sandton news briefing that there was no favouritism in the renewable energy project bids and admonished South Africans for thinking of irregularities when a black businessperson became rich.

It was unclear which detractors he was referring to.

The Motsepes were one of the few black families to enjoy wealth under apartheid. The elder Motsepe was a schoolteacher who opened a spaza shop catering to mine workers.

Motsepe junior is a former lawyer who became the founder and executive chairman of African Rainbow Minerals, which has interests in gold, ferrous metals, base metals, and platinum, as well as African Rainbow Energy and Power which is headed by former Eskom CEO Brian Dames.

Last year, people questioned why Patrice Motsepe. the president’s brother-in-law, and his business delegation were spotted in the president’s entourage.

Billionaire Patrice Motsepe has rejected claims that Eskom unbundling is designed to benefit him.

Speaking at a media briefing on Monday Motsepe said none of his companies will participate in any sale or disposal of Eskom entities or assets.

President Cyril Ramaphosa was accused of trying to use Eskom to help his in-laws.

The president has announced plans to split the power utility into three separate.

Critics maintain that the unbundling of Eskom would benefit those close to government officials.


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