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Eskom Says Medupi Plant Finally Operational After Severe Delays & Billions Over Budget

SOUTH AFRICA

LOCAL NEWS

  • Eskom says the sixth and final unit of Medupi power station has now achieved commercial operation.
    • However, work remains, with repairs to design flaws expected to be carried out over the next two years. Medupi has been 6 years behind schedule and cost R234bn vs R80bn initially planned
  • Suspended SG Magahsule files notice to appeal high court judgement that upheld his suspension on Saturday.
    • He argues that the judgement was littered with errors and examples of bias which point to a pre-determined outcome. The court is yet to respond to the appeal
  • ANC and the EFF discussions over the terms of Constitutional changes to enable land expropriation without compensation end in a stalemate, with the ANC losing support from the EFF in trying to push the changes.
    • This would result in the ANC presenting changes that could be rejected by the DA and the EFF, without enough of a majority to pass. However, the ANC has vowed to proceed with the plans alone, if needs be
  • Mineral resources department launches tender to replace dysfunctional Samrad mine licensing system that has been the cause of a backlog of 5,000 applications for mining and related rights.
    • This system is expected to increase transparency and efficiency in the sector and is expected to boost exploration
  • SA records 8,791 new cases of Covid-19 with 178 deaths on Sunday
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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