NUMSA interdicts signing of 27 IPP agreements

PUBLISHED: Thu, 22 Mar 2018 13:07:25 GMT

There was chaos this morning as investors flew from all over the world to sign multi-billion dollar agreement to create green energy in Africa only to meet with disappointment. Investors from the United States, Italy and Spain behind 27 of South Africa’s Independent Power Producers agreements for wind and solar found out in Pretoria that a court case stood in their way. CNBC Africa reporter Lubabalo Mashiqana filed this report.

Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.