Dec 03, 2009
Daily podcast – December 3, 2009Back
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Thursday, December 3, 2009.
From Creamer Media in Johannesburg, I'm Shannon de Ryhove.
Making headlines today:
The World Bank is to expedite a 3,75-billion-dollar loan for South African power utility Eskom and to present it for approval in March 2010.
The loan, which will be guaranteed by the government, is intended to help the state-owned utility with a critical 51,4-billion-dollars power supply expansion to enable it to meet fast-rising demand.
If approved, it will be the largest World Bank loan for a project in post-apartheid South Africa.
The 3,75-billion-dollar project will be financed through the the International Bank for Reconstruction and Development, the World Bank's financing arm for credit-worthy poorer countries and emerging market economies.
The bulk of the loan will go to developing the Medupi coal-fired power station, a 4 800 MW plant.
The project will provide an opportunity for independent power producers to participate. The project will also complement other national power generation programmes.
State-owned power utility Eskom said this week that there would be a significant shift in its business strategy, including introducing IPPs in power generation to meet some of South Africa's short to medium-term supply shortfalls.
CDC business development executive manager Khwezi Tiya says that the project will "transform the landscape" of the IDZ.
The board of US auto manufacturer General Motors has asked its CEO to resign.
Edited by: Shannon de Ryhove© Reuse this Comment Guidelines (150 word limit)
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Recent Research Reports
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Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
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Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
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