Inga 3 hydropower would cost South Africans billions bizcommunity.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizcommunity.com Daily Mail and Mail on Sunday newspapers.
South Africa can t afford hydropower from Inga 3
As finance minister Tito Mboweni prepares to deliver his budget in Parliament this week, it is imperative that he unshackles South Africans from the financial calamity that is the Inga 3 hydropower project.
Grand Inga 3. Photo: Congo Research GroupMboweni’s speech comes almost one year after the first Covid-19 cases were reported in South Africa. Since then the pandemic has had a catastrophic effect on South Africa’s economy, and the daily lives and livelihoods of all citizens.
In the midst of widespread suffering and economic insecurity, the nation learned last week that cash-strapped consumers will be paying even more for their electricity when prices rise over 15% on 1 April 2021.