South Africa's leading law firms are being protected from some of the worst effects of the global credit crunch, with the country's power crisis and consolidation in the mining sector translating into a stream of long-running mandates for those with energy and utilities experience. State-owned electricity firm Eskom ran out of power in 2006. The country's power shortage peaked early this year.With power shortages leading to forced blackouts affecting multinational giants such as BHP Billiton and Rio Tinto, Eskom has committed some R300bn (£20.6bn) to building new power plants across the country, a project expected to last 20 years, to deal with the problem.
September 25, 2008 at 12:12 AM
1 minute read
The original version of this story was published on Legalweek
South Africa’s leading law firms are being protected from some of the worst effects of the global credit crunch, with the country’s power crisis and consolidation in the mining sector translating into a stream of long-running mandates for those with energy and utilities experience.
State-owned electricity firm Eskom ran out of power in 2006. The country’s power shortage peaked early this year.
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