Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Eskom Plans Fund to Spur Coal Supplies From Black-Owned Mines

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.

“Eight mines supply 68 percent of Eskom’s coal,” he said, and how the company buys the fuel will help to transform mining.

Eskom will spend 500 billion rand ($58 billion) through 2017 to update and build plants to bridge a capacity shortage.

Requests for interest in the fund will be sent this week or next ready to set up the plan next quarter, Chief Executive Officer Brian Dames said, declining to estimate its size.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.