featured | Infrastructure news - Part 32

featured

The reason Gordhan won’t approve nuclear

The burning question at the centre of South Africa’s new nuclear expansion programme remains whether the country will be able to afford it. While President Jacob Zuma has said that the country would undertake the project provided the country could...
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Eskom may pull the plug on Exxaro

Exxaro, Eskom’s biggest coal supplier, might have put a spanner in the works that could affect its coal supply deal with the power utility.   Last month Exxaro’s 10-year lock-up period ended. The company announced the unwinding of its black...

ANC could send SA straight into junk status

South Africa appears to be a few steps closer to a possible junk credit rating after ratings agency Fitch changed its outlook on the country from stable to negative. Fitch said the foreign-currency rating and local-currency rating were kept at BBB,...