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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessPowerShip Plans Run Into Stiff Opposition, SAPO CEO Eyes Cost Reductions
LOCAL NEWS
- MP's & civil society
groups slam Govt's plan to supplement SA's power supply using power ships that
would tie SA to fossil fuels for 20 years and likely see massive fluctuations in
prices.
- Participants are calling for investigations into how foreign companies circumvented local public participation rules
- Energy dept says the 8 IPP
& powership bidders could be providing emergency energy supply within 12-18
months, injecting R45bn in investment and 2,000Mw of power.
- However, MPs and public are concerned about strings attached to powership contracts
- Presidency Spox Khusela Diko asked to step aside from her position on the ANC PEC after being found guilty of bringing the party into disrepute
- State-owned Post Office CEO says SAPO will be efficient within three years and no longer reliant on govt bailouts.
- SAPO is currently bankrupt, having suffered at R1.7bn loss in 2019/20 and liabilities R1.5bn in excess of assets.
- CEO says SAPO is looking at cost-cutting measures to shore up its balance sheet
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.