Those units in Eskom’s coal fleet that do work are being utilised at a rate of more than 90% versus an international benchmark of 70% – and that concerns lenders, an energy expert has said.
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Pacific Investment Management Co has agreed to lend a South African state development bank R3-billion, the first deal in a United Nations programme to fund green energy in Africa.
Business Unity South Africa has criticised the lack of urgency by government in taking the hard decisions to create an environment for investment and growth.
Absa, Investec and the Development Bank of Southern Africa indicated they could support a bid by a Turkish company to supply emergency power to South Africa, sources said.
South Africa’s Infrastructure Fund, which is spearheading government efforts to secure R1-trillion of private investment, said it has identified a project pipeline and implementation could begin by year-end.
An unnamed company has made a firm offer to acquire Wireless Business Solutions (WBS), the parent company of iBurst and Broadlink. WBS nonexecutive director David Hilewitz on Monday confirmed that an offer has been tabled, but declined to name the acquiring party, saying
The Development Bank of Southern Africa (DBSA) has signed a R1,4bn contract with the European Investment Bank to support development of a solar power project in the Northern Cape, it said on Wednesday. “We are encouraged by the EIB’s trust and confidence towards our investment strategy in supporting SA’s power
Microsoft South Africa has expanded its BizSpark programme, which supports small software development businesses and entrepreneurs, using money from government’s jobs fund and its own 4Afrika initiative. The company wants to help lead the creation of
Search giant Google is to invest US$12m (R120m) in the Jasper Power Project, a 96MW solar photovoltaic plant in South Africa’s arid Northern Cape province. When completed, Jasper will generate enough electricity to power 30 000 homes and will be one of the largest solar installations in Africa. Google has committed
Perhaps best known for its foray into pornography, TopTV’s anti-climax in the world of broadcasting has resulted in a little-known fact: South Africa has suffered a loss of almost R1,2bn because of this venture, which critics say it should not have flirted with in the first place. Three arms