# Eskom and African Bank have signed agreements for the sale of Eskom Finance Company, marking a key milestone in the disposal of non-core assets. The deal includes Eskom Finance Company’s staff home loan portfolio, related assets, and Eskom’s stake in Nqaba Finance 1. The transaction, part of Eskom’s debt relief conditions, now heads to the Competition Commission for regulatory approval. Eskom chief financial officer, Calib Cassim, says the move supports Eskom’s core focus and streamlining strategy under National Treasury’s guidance.
Eskom, African Bank sign deal for staff home loan portfolio sale