Hon Minister, given that the major local banks have said they will not fund new coal, it now appears that in the case of the Seriti Resources, they would not need bank finance, as Eskom will finance the mine. So, Eskom to be clear is now subsidizing the private sector, Eskom that has no money. This means that Seriti Resources will become just one of two major suppliers to Eskom, supplying a whopping 32% of Eskom's coal, the same Seriti Resources whose chief executive Mike Teke, donated R600 000 to Cyril Ramaphosa's election fund in 2018.
So, Minister, what plans are in place to mitigate the risk of potential failure from Seriti Resources and should one have so many of one's own eggs in basket?