Motsepe distances himself from independent power producers' contract

Motsepe distances himself from independent power producers' contract

- Billionaire Patrice Motsepe denied rumours that he might receive an Eskom contract because he has family members in high government positions

- He added that his family made its fortune in the 1970s, before he made his political connections

- This comes after rumours that Motsepe's company might be in the running for an Eskom tender

PAY ATTENTION: Click “See First” under the “Following” tab to see Briefly.co.za News on your News Feed!

Business mogul Patrice Motsepe has rejected suggestions that favouritism will play a role in who gets Eskom's independent power producer contracts.

This comes after speculation that Motsepe's company might receive the tender because Motsepe is the brother-in-law of both Energy Minister Jeff Radebe and President Cyril Ramaphosa.

At a press briefing, Motsepe rubbished the claims and criticised the public for being suspicious of a black person's success.

PAY ATTENTION: Save mobile data with FreeBasics: Briefly is now available on the app

It seems he may have been hitting back at claims made by Julius Malema, who had implied that Motsepe's wealth came from his connections.

In response, Motsepe told the press conference that he had actually grown up wealthy. He says his father made a fortune by opening a spaza shop which sold supplies to mine workers.

The elder Motsepe even owned an expensive Jaguar in the 1970s, according to Patrice. 

Since then, Patrice Motsepe expanded upon the family wealth as a lawayer and later as the head of a company with stakes in several minerals, including platinum, according to Times Liva.

Additionally, Motsepe is the founder of African Rainbow Energy and Power, which has been touted as a possible recipient of the Eskom tender.

READ ALSO: Social media calls for Soweto power to be cut until bill paid

Reportedly, the company was looking into buying Eskom's home-loans division late last year, which could signal Motsepe's intention to expand the enterprise.

Enjoyed reading our story? Download BRIEFLY's news app on Google Play now and stay up-to-date with major South African news!

Source: Briefly.co.za

Related news
Mzansi reacts to Mbalula's claim that load shedding will be eradicated

Mzansi reacts to Mbalula's claim that load shedding will be eradicated

Mzansi reacts to Mbalula's claim that load shedding will be eradicated
Briefly.co.za
Mailfire view pixel