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Assessing and promoting civil and minority rights in South Africa.

[Source: BusinessTech from Reuters.]

Embattled power utility Eskom says that it needs an estimated R187 billion to comply fully with existing legislation curbing harmful emissions, Reuters reports.

The new minimum emissions standards for air quality laws came into effect in 2015, but several companies – including Eskom – were granted a five-year reprieve by the government until 2020 to meet air emission standards.

Presenting in parliament on Wednesday (20 November), the Department of Public Enterprises said that project delays and cost overruns at Medupi and Kusile, two mega-coal plants currently being built by Eskom, largely contributed to Eskom’s debt ballooning to R440 billion.

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South Africa at a Glance
58 780 000 (mid 2019 estimate)
3.6% y/y in November 2019 (CPI) & +2.3 y/y in November 2019 (PPI)
-0.6% q/q (3rd quarter of 2019)
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