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

The NdB Sunday Show | What Cyril knew before the Mkhwanazi presser…

In this edition of the NdB Sunday Show, Chris Steyn and independent intelligence analyst Jasmine Opperman talk about testimony at the Madlanga Commission of Inquiry that - six days before whistleblowing General Nhlanhla Mkhwanazi called his bombshell press conference - President Cyril Ramaphosa had a verbal intelligence briefing in which…
15 Nov 7AM 34 min

BN Edge | Piet le Roux: ICASA, Starlink and the true cost of BEE

To sell internet access in South Africa, you first have to show ICASA the race of your shareholders. Sakeliga has now taken the regulator to the Pretoria High Court, but, oddly, not to scrap the 30% black-ownership rule. Chief executive Piet le Roux told Alec Hogg why he chose the…
13 Nov 6AM 28 min