R50bn

CityPress - - Business -

MEGA stor­age PROJECTS: power sta­tion; Medupi Kusile sta­tion; power In­gula sta­tion pumped

CASH-CRUNCH CUL­PRITS: Nersa reg­u­la­tory dis­al­lowances, con­struc­tion de­lays, es­ca­lat­ing op­er­at­ing costs

FUND­ING OP­TIONS: Con­vert­ible loans, fresh cap­i­tal, more state guar­an­tees

BUR­DEN ON TAX­PAYER: Fresh cap­i­tal and state guar­an­tees will take a bite out of the fis­cus

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