Nov 27, 2009
Daily podcast – November 27, 2009Back
Copenhagen|Johannesburg|Airbus|Development Bank|Eskom|Eskom 1|China|Norway|South Africa|EUR|ZAR|Medupi Power Plant|Air-craft Manufacturer|Linden Birns|Work Packages|Limpopo
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Friday, November 27, 2009.
From Creamer Media in Johannesburg, I'm Shannon de Ryhove.
Making headlines today:
Jilted air-craft manufacturer Airbus is strengthening its ties with South Africa, not seeking to sever them, the company said. This was in response to a French news report that its parent, EADS, was "ready to retaliate" against South Africa after the country cancelled a multi-billion rand contract to buy Airbus military planes.
Airbus spokesperson Linden Birns says that there are currently no plans to withdraw work packages from South Africa.
Earlier this month, South Africa cancelled its order for eight A400M military transporters, citing cost escalations.
It was a fresh blow to the A400M programme, which as already three years behind schedule.
The bank says that the 4 800 megawatt Medupi power plant will significantly boost the energy capacity of South Africa and the southern African region.
Medupi is in South Africa's northern Limpopo province, and is expected to be commissioned by February 2012.
Sub-Saharan road freight costs are 200% more expensive than the rest of the world.
Edited by: Shannon de Ryhove© Reuse this Comment Guidelines
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