A tender process for the building of new nuclear power stations in South Africa will
soon be introduced as the government wraps up workshops with potential vendor
countries, such as Russia, France, China, South Korea and the US, the Presidency
said on Wednesday.
As the country battles with an erratic power supply, recent financial data from
Statistics South Africa indicates increased investment by players in the electricity, gas
and water supply industry, with capital expenditure rising by almost 92% to R24,3-
billion in the third quarter 2014.
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.
The German company's multimillion-rand solar inverter manufacturing plant would contribute to establishing South Africa as a hub for renewable energy and
other green economy industries, the Department of Trade and Industry said.
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