Sanral has stunned SA’s embattled construction industry by awarding three of the five tenders to Chinese firms; a report by Eskom has warned about the impact of a delay on the multi-year project to extend Koeberg’s lifespan; South Africa has officially handed over its just transition plan to the international partners’ group that pledged $8.5 billion; and the Gauteng government gave a clearer picture of the sad state of finances of two leading metros in the province.
Sanral has stunned SA’s embattled construction industry by awarding three of the five tenders it cancelled in June to Chinese firms. Among these tenders, the R4 billion Mtentu Bridge on the Wild Coast went to China Communications Construction Company , and the construction of the EB Cloete Interchange in Durban went to Chinese firms Base Major and CSCEC at R5 billion.
At this year’s climate finance negotiations, President Cyril Ramaphosa pushed for wealthy nations to fulfil their obligations to support poorer countries in a way that does not worsen their debt burdens. Over the weekend, Ramaphosa launched the country’s five-year, R1.5 trillion investment plan to fund its move away from coal, saying that the $8.5 billion pledged to a good start to SA’s just transition.
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