Eskom Medupi Power Plant

This is separate from the US$180 million loan agreement signed on Monday to connect 670MW of renewable energy projects to the national grid.

The New Development Bank (NDB) will provide a project loan of US$480 million (about R6.8 billion) to Eskom for environmental protection project for Medupi Thermal Power Plant, National Treasury sa

US diplomatic mission to South Africa

Investment envoy Jacko Maree says investors are continually stressing the need for political and policy certainty and simpler regulations.

Companies were “sitting on their hands”, awaiting the outcome of the general elections before putting money into the South African economy, says one of the country’s special investment envoys.

Eskom

Patrick Dlamini was speaking during a panel discussion at the fourth annual meeting of the New Development Bank.

Without alternative power generation capacity, unemployment will remain rampant in South Africa, said Development Bank of Southern Africa (DBSA) chief executive Patrick Dlamini on Tuesday.

Eskom Power Train

On top of the growing debt, coal quality and delivery remains a problem.

Moody’s credit opinion issued yesterday on the heels of its recent decision to keep South Africa’s credit rating one level above junk, said elevated government debt and contingent liabilities risks from state-owned enterprises (SOEs), limited government’s ability

Jack Ma

The application process for the Africa Netpreneur Prize Initiative, the $10 million contest launched by Alibaba Group Executive Chairman Jack Ma to inspire an entire continent of entrepreneurs, is now officially open.