Issue 332 - 14 Oct 2016
Buffeted by political crosswinds throughout 2016 – the
fallout of charges against finance minister Pravin Gordhan
was becoming clear as African Energy went to press – the
selection of preferred bidders in the coal independent power
producer (IPP) procurement programme and the publication of
the framework for the gas IPP programme show that there is still
momentum behind private investment in South Africa’s power
sector. How well the programmes will withstand the latest
political crisis, already manifesting itself in a fall of more than 4%
in the rand against the dollar and ten-year government bond
yields soaring to 8.94%, with a sovereign downgrade to junk
likely to follow, remains to be seen.
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