The South African Competition Commission says that airlines across the country have committed to not inflating fares. Eskom’s Medupi power station is a stranded asset – never recovering what it cost to build. The Minerals Council South Africa CEO says that the state of the mining industry threatens the country’s economy. Former ‘spy-boss’ Arthur Fraser targets President Cyril Ramaphosa.
The South African Competition Commission says that airlines have committed to not inflating fares following Comair grounding British Airways and Kulula flights this week. The airline is waiting to secure additional funding from investors. Comair noted that passengers booked on grounded British Airways and Kulula flights would be fully refunded. [: Funder of the Medupi power station, the African Development Bank, says that the plant will not achieve a positive financial return over its lifetime.
[The Minerals Council South Africa CEO says that as a result of insufficient spending on exploration, the country is not adding new sources to secure future minerals production, which poses a threat to the economy. He said that the lack of spending, partly due to the lack of mining policy certainty and long delays in providing licences, threatens the industry’s contributions to the broader economy.
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