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china development banklatest news & developments
The Medupi (above) and Kusile boilers are substandard, because the ruling party hijacking their manufacturing process for their own profit. (Madelene Cronjé/M&G)
AFRICAN DEVELOPMENT BANK

Medupi fails two tests already

The new plant can’t meet World Bank’s loan conditions or sulphur emissions limits

  • Tunicia Phillips
7 min read
Finance Minister Tito Mboweni has to balance the demands of a power utility that is struggling to keep the lights on with the need to stabilise the nation’s debt. (Waldo Swiegers/Bloomberg/Getty Images)
CHINA

Eskom: The abyss just gets deeper

South Africa’s power utility has become a bottomless pit of expenses; it’s debatable whether it can feasibly ever be saved

  • Kevin Davie
10 min read
CHINA DEVELOPMENT BANK

Industrial Development Corporation wins Patel’s ear

The South African government has begun thinking of implementing a new model of funding the Industrial Development Corporation, namely cash injections.

  • Lynley Donnelly
  • Staff Reporter
3 min read
CHINA

Zimbabwe, China sign $585-million trade agreements

Zimbabwe and China on Monday signed a raft of agreements worth $585-million aimed at reviving the southern African country.

  • Staff Reporter
1 min read
CHINA DEVELOPMENT BANK

FirstRand says it is not in talks with Chinese bank

South African banking group FirstRand on Friday said it was not in talks with a Chinese bank over selling a stake. ”We are not in discussions with a Chinese bank,” FirstRand…

  • Staff Reporter
1 min read