Karpowership deal could cost South Africa R200 billion and do little to solve load shedding - Kevin Milehame

Loading player...
The National Transport Department’s decision to grant Karpowership, a Turkish power ship operator, 20-year access to three South African ports has been met with criticism from environmental groups and opposition parties. Kevin Milehame, the DA’s shadow minister of Energy, has warned that the deal could cost South African taxpayers a staggering R200 billion, while only generating 1200 MW of power, equivalent to a single stage of load shedding. Milehame told BizNews that he was concerned about what appearedto be the bending of rules to favour Karpowership and that it presented another opportunity for corruption. Learn more about your ad choices. Visit megaphone.fm/adchoices
23 May 2023 10AM English South Africa Investing · Business News

Other recent episodes

SA businesses battered by infrastructure instability - Muhammad Ali

Infrastructure failure has become a core business risk in South Africa. In this interview with Chris Steyn, international ISO standards and systems implementation specialist Muhammad Ali warns: “...infrastructure is not just decaying, it's going down the drain to its limit’. He notes that while systems and standards exist, “it's just…
20 May 5AM 14 min

Andrew Morphew - SA’s FMD plan fails as vaccinated animals become infected…

South African farmers are furious with the State's failures in its handling of the Foot and Mouth Disease outbreak and vaccination programme. In this interview with Chris Steyn, Andrew Morphew, the spokesperson for FMD Response SA says: “We are seeing the virus is continuing to spread. There's Foot and Mouth…
19 May 6AM 13 min

Tim Cohen: Doubling down on transformation

The fight over transformation policy in South Africa is intensifying as four of the biggest law firms legally challenge the new legal sector codes. Currency News Senior Editor Tim Cohen joins Irakli to discuss the deeper fault lines exposed by this clash, questioning whether the push for 50% black ownership…
18 May 11AM 9 min