What's in City Press Business: BBC's hopes for Ramaphosa; Green fund could save Eskom; Conservationists oppose Algoa Bay bunkering;

2019-05-19 05:42

Here are some of the headlines in your City Press Business section today:

Green fund could save Eskom

A unique financing vehicle, based on reducing carbon emissions, is being developed by the Eskom sustainability team – appointed by President Cyril Ramaphosa last year – in order to raise up to R200 billion to save the utility from its debt spiral.

Contractors drop R36bn cost bill on Kusile

Contractors working on the Kusile Power Station in Mpumalanga have submitted claims to Eskom for extra costs totalling R36 billion.

Conservationists oppose Algoa Bay bunkering

The chase for profits at all costs, coupled with a total disregard of environmental and tourism considerations has resulted in the emergence of a profitable but controversial industry in ecologically sensitive Algoa Bay in Port Elizabeth.

Dear President Ramaphosa, this is what needs to be done

Black Business Council (BBC) president Sandile Zungu has written us a piece about what the BBC is hoping and expecting from the new administration.

Rebosis and the evaporating billions

Just five years ago Rebosis Property Fund and its founder Sisa Ngebulana were unstoppable…However, this week the Rebosis share price fell very close to an all-time low.

For more on these and other stories, get your copy of City Press today.

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September 15 2019