From Creamer Media in Johannesburg, this is the Real Economy Report.
Eskom CE Brian Dames tells us about the influence the R91-billion Medupi project is having on Lephalale.
The giant Medupi power station project is currently swarming with 17 000 workers. But it’s also changing the shape of what was once a sleepy Waterberg town, as Dames outlined during a recent site tour in which President Jacob Zuma also participated.
Eskom CE Brian Dames
Shannon de Ryhove:
Other news making headlines this week: Ascension Properties lists on the JSE; advanced economies are holding back global growth; and biotechnology is important to Africa’s development.
Black-owned property loan stock company Ascension Properties made its debut on the JSE earlier this month.
Ascension Properties CEO Ashfar Mohamed
The Nedbank Group says advanced economies are holding back the global economic recovery with slow, staggered growth, a loss of momentum and a possible fall back into recession in Europe.
Nedbank Group Economic Unit Senior Economist Nicky Weimar
Researchers said at the AfricaBio conference that biotechnology has the ability to ensure crop protection, reduces input costs and exposure to harmful chemicals, and can also improve grain quality.
Goldamer Consulting's Dr Dave Keetch
That’s Creamer Media’s Real Economy Report. Join us again next week for more news and insight into South Africa’s real economy.