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Following President Cyril Ramaphosa’s tacit approval this week of the Karpowership deal, and the department of transport’s announcement it had given the company leases at three ports, minister Barbara Creecy is one of the last obstacles to the deal about to sink the country into a quagmire of debt for the next 20 years. Democratic Alliance Shadow Minister of Mineral Resources and Energy Kevin Mileham said “independent estimates have shown that a 20-year Karpowership contract will cost South Africa in excess of R200 billion”. “This is enough to build two new Medupi and Kusile power stations, based on their initial…
