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DM Countries to Discuss De-Carbonisation Solutions With Eskom

SOUTH AFRICA

LOCAL NEWS

  • US, UK, France & Germany set to send a delegation to SA next week to seek a deal with Eskom to close its coal-fired plants which produce 40% of the country's emissions.
    • Eskom's R402bn debt burden has been labelled as one of the core reasons behind its slow green transition which could cost over $10bn.
    • One option that will be discussed is $2bn in funding pledged at the G7 to phase out coal
  • ANC says it is doing everything in its power to resolve issues brought by its members as some threaten not to vote in local govt elections.
    • Members protested against the party's councillor candidate selection process which they said was fraught with corruption
  • Govt reaches with municipal workers union SALGA for a 3yr below inflation 3.5% basic increase and once-off pensionable cash allowance for 300k municipal employees.
    • This is a solid win for Govt and its fiscal consolidation drive and efforts to trim the public sector wage bill
  • SA reports 4,667 new covid cases & 166 deaths
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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