Sunday, March 12, 2006

S. Africa energy problems scare off investors

INTERNATIONAL investors have abruptly ended negotiations with government on future investments in South Africa because of the ongoing power crisis in the country, says the Sunday Times.

In addition to impacting investment plans by Alcan and a Russian aluminum smelter, reports say
"industry has lost millions due to lost production; workers lost thousands of rands in wages due to down-time; tons of food have gone to waste, both commercially and domestically; and investor confidence in Western Cape has been seriously undermined"

1 comment:

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