The new plant can’t meet World Bank’s loan conditions or sulphur emissions limits
South Africa’s power utility has become a bottomless pit of expenses; it’s debatable whether it can feasibly ever be saved
The South African government has begun thinking of implementing a new model of funding the Industrial Development Corporation, namely cash injections.
Zimbabwe and China on Monday signed a raft of agreements worth $585-million aimed at reviving the southern African country.
South African banking group FirstRand on Friday said it was not in talks with a Chinese bank over selling a stake. ”We are not in discussions with a Chinese bank,” FirstRand spokesperson Sam Moss said. Shares in FirstRand rose earlier on Friday after the China Daily reported that a state-owned Chinese bank was in talks to buy a stake in First National Bank.