R193bn

Finweek English Edition - - IN BRIEF -

The amount pri­vate sec­tor play­ers have com­mit­ted to in­vest­ing in re­new­able en­ergy in the coun­try since 2011. On 7 June, min­is­ter of en­ergy Tina Joe­mat-Pet­ters­son an­nounced an ad­di­tional 13 pre­ferred bid­ders as part of the re­new­able en­ergy pro­gramme. They will sup­ply an ad­di­tional 1 084MW to the grid. To date, 92 re­new­able en­ergy projects have been ap­proved by the depart­ment, which will con­trib­ute 6 327MW of ca­pac­ity to the grid. Medupi, Eskom’s mega coal-fired power sta­tion that is un­der con­struc­tion near Lepha­lale will add 4 800MW once com­plete.

The amount Pan African Re­sources is pay­ing for Uitkomst, a coal mine in KwaZulu-Natal that ex­ports

ther­mal coal, adding to its gold and plat­inum port­fo­lio.

Pan African said it ex­pects its head­line earn­ings for the year to end-June to decline by as much as 60%, partly due to lower gold out­put at its

Evan­der mine.

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