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Brown soothes fears over loans to Eskom, Transnet

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Lynne Brown
Lynne Brown

Cape Town - Public Enterprises Minister Lynne Brown on Thursday assured all lenders and investors that Eskom and Transnet are credible and reliable borrowers.

The two state-owned enterprises (SOEs) were part of the six companies that Futuregrowth Asset Management, South Africa's biggest private fixed-income money manager with about R170bn in assets, suspended loans to.

The other SOEs are the SA National Roads Agency (Sanral), Landbank, the Industrial Development Corporation (IDC) and the Development Bank of Southern Africa (DBSA).

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