Doing business with SA

Can power ships ease SA's energy woes?

Floating power stations – ships that are either anchored offshore or moored at quayside and transmit power through undersea cables – are proving to be a quick-fix to electricity supply problems around the world.


Eastern Cape hooks into SA's ocean economy

South Africa estimates its "blue gold" could contribute as much as R177- million to the economy by 2033. With two major port cities and its established industrial development zones, the Eastern Cape is set to become the hub of this maritime economic activity.


Work begins on South Africa's R84bn smart city

Work has reportedly begun on the Chinese-financed R84-billion super city in Modderfontein, east of Johannesburg. Shanghai Zendai plans to turn the 1 600- hectare property into 'Africa's New York', developing a financial hub with 35 000 houses, an educational centre, medical centre and a sports stadium.


Power stable for festive season - Eskom

Although constrained, South Africa's power system is expected to remain stable for the rest of the festive season, according to power utility Eskom, which will use the period for intensified maintenance.


International agencies affirm South Africa's ratings

Standard & Poor's and Fitch both kept their ratings of South Africa steady on Friday. They were confident that The Treasury was committed to tight fiscal discipline, but warned that weak economic growth, industrial action and persistent electricity shortages kept their outlook negative.

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