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South African parastatals credible, reliable borrowers, says Brown

Public Enterprises Minister Lynne Brown on Thursday moved to assure investors that South Africa’s parastatals were on solid footing as she responded to news that a second money manager would suspend lending to the country’s state-owned companies. “I want to assure all lenders and investors that Eskom and Transnet are credible and reliable borrowers with strong credit fundamentals as evidenced by their respective credit profiles,” Brown said in a statement.