2016 2887 2887
2016 1468 1468
Cape Town - Government debt will be stabilised over the medium term and South Africa is far from a debt trap, according to the Budget Review.
It states that SA's deep and liquid domestic captial markets, and its access to international borrowing, continue to provide resources for government’s financing needs. Domestic capital markets will remain the main source of borrowing but over the medium term, government's borrowing strategy focuses on reducing the risks presented by the sharp increase in loan repayments beginning 2016/17.
2016 1672 1672
A 120MW gas-fired power station at Ressano Garcia, on the border between South Africa and Mozambique, was officially inaugurated last week.
Castigo Langa, chairman of Gigawatt
Mozambique, who developed the power station,
said the $200m (R3.2bn) investment is also a
first step in the harnessing of Mozambique’s
huge natural gas resources not only for the
benefit of Mozambique and its people, but also
for whole of the Southern African region.
“The power station is strategically located close
to the main transmission lines that connects
South Africa and Mozambique,” said Langa.
2016 1100 1100
2015 2327 2327
2015 1518 1518
2015 1661 1661
2015 1464 1464
2015 1328 1328
ECIC has been featured in The Times under the topic KZN exporters call for special bank to fund their industry. Tsidiso Disenyana participated in a panel discussion at the KZN Export Week and was quoted in the article.
2015 1420 1420