The World Bank lent money to Eskom for the Medupi project, while Eskom produces 80% of South Africa's electricity.
1 report, 1 independent
Updated Sep 1
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What happened
The World Bank lent money to Eskom for the Medupi project, while Eskom produces 80% of South Africa's electricity.
Who's involved
What this event is mainly aboutKeep exploring
Part of
A collection of economic developments regarding South Africa's status (credit rating, FATF status, growth outlook) influenced by international bodies (World Bank, FATF, S&P Global) and geopolitical factors (Middle East conflict, Sub-Saharan Africa average).Also in this story
- A senior financial sector specialist is providing recommendations regarding financial vetting and corruption in South Africa, involving the World Bank.
- South Africa's credit rating was upgraded due to economic improvements, driven by government initiatives.
The entities involved
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Eskom
electricity utility in South Africa
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World Bank
international financial institution
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South Africa
country in southern Africa
Related events
- Enoch Godongwana, the finance minister of South Africa, is currently managing the national budget and grants.
- Eskom has increased its tariffs, leading to higher electricity costs across South Africa.
- Eskom, South Africa's dominant utility, is the subject of an analysis applying the Averch-Johnson effect and discussing Nersa's regulatory role.
- State enterprises in South Africa (Eskom) and Zimbabwe face systemic collapse, affecting utilities and transport.
- Eskom is implementing load reduction measures affecting Gauteng and KwaZulu-Natal.