ESKOM
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South Africa Searches for a “Financial Parachute”, A $170 Billion Foreign Debt Cliff Looms. IMF “Economic Medicine” By Prof. Patrick Bond
Johannesburg – This week’s hush-hush visit by International Monetary Fund Managing Director Christine Lagarde to Pretoria (between stops in Ghana and Angola) is mysterious. In contrast to last week’s IMF press briefing claim – “Madame Lagarde will hold meetings with the authorities, as well as fairly extensive meetings with the private sector, civil society, academia,… Continue reading
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The Bank Loan That Could Break South Africa's Back By Patrick Bond
Notwithstanding South Africa’s existing $75 billion foreign debt, last Thursday the World Bank added a $3.75bn loan to Eskom for the primary purpose of building the world’s fourth-largest coal-fired power plant, at Medupi, which will spew 25 million tons of the climate pollutant carbon dioxide each year. Continue reading
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South Africa: Momentum against climate-destroying World Bank loan grows By Patrick Bond
In an indication that the climate justice movement is broadening, deepening and going local, there is now intense opposition to a climate-destroying energy loan for South Africa. The campaign is led by community activists in black townships allied with environmentalists, trade unionists and international climate activists. Continue reading
The New Dark Age 