Aug 24

South Africa, China sign power deals during BRICS summit

South Africa signed a raft of deals with China on Wednesday to help it overhaul its creaky energy sector including upgrading its nuclear power plant as the government seeks to ease a severe energy crisis hobbling the economy. According to MoneyWeb, the agreements, signed with Chinese power companies on the sidelines of the BRICS summit in South Africa, include upgrades to SA’s electricity transmission and distribution network.