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SA powerline rollout to spur bond market revival
The Citizen
|October 14, 2024
A multibillion-dollar plan to expand South Africa's electricity transmission network may throw a lifeline to the country's corporate bond market as it struggles to recover from a post-pandemic slump.
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The National Transmission Company SA (NTCSA), a state-owned business that will operate separately from parent Eskom, said this week it plans to spend R112 billion on transmission capacity over the next five years.
The NTCSA - which started up last Monday - said it's considering building infrastructure itself or paying for developers to construct transmission lines and then taking them over, as well as "independent transmission projects" that may involve issuing concessions to private companies.
This story is from the October 14, 2024 edition of The Citizen.
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