Mining houses, the government and other stakeholders are investing in improving socio-
economic conditions in distressed mining towns and rural labour-sending areas. Among the R18-
mbillion worth of interventions, are housing, health care and job creation initiatives.
Passenger volumes are up at the national carrier, while output is down, according to the acting
chief executive. Yet there is still much to be done. The airline is implementing network changes
and growing into Africa, among other steps to strengthen the group.
Cash from the sale of the state's 13.91% stake in Vodacom – to the Public Investment
Corporation, which acts for the Government Employees Pension Fund – will finance the
multibillion-rand allocation to Eskom. The deal is believed to be worth nearly R29-billion.
South Africa has spent a trillion rand on building its infrastructure as a key to expanding its
economic opportunities. The investments have been made in energy, water, sanitation, rail,
public transport, the nation's ports and in upgrading its hospitals.
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