Palesa Mofokeng - Profile and Journalist Details

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Total articles 36

• South Africa’s Ramaphosa Boosts Investment Target to R2 Trillion by 2028

  By Palesa Mofokeng| CNBC Africa Verified Key PointsInvestment target raised to R2 trillion10,000 MW in investments committed so farRamaphosa: fixing energy crisis  prioritySouth African President Cyril Ramaphosa has increased a target to attract new investment into the country by two thirds over the next five years, saying the economy needs the capital to end a debilitating power shortage that has hobbled industry growth from manufacturing to mining.

  By Palesa Mofokeng · CNBC Africa

  Apr. 13, 2023

• South Africa takes over 60% of Eskom debt in bid to resolve power crisis

  By Palesa Mofokeng| CNBC Africa Verified South Africa is to take over more than 60 percent of the debt of struggling power utility, Eskom Holdings over the next three years as the government seeks to banish an energy crisis that has crimped growth and threatens the country’s credit ratings. Finance Minister Enoch Godongwana told parliament yesterday that the government will take over R254 billion of Eskom’s R422 billion debt to help the parastatal recover from a decades long crisis that has led to record power shortages.

  By Palesa Mofokeng · CNBC Africa

  Feb. 23, 2023

• South Africa’s Ramaphosa Boosts Investment Target to R2 Trillion by 2028

  By Palesa Mofokeng| CNBC Africa Verified Key PointsInvestment target raised to R2 trillion10,000 MW in investments committed so farRamaphosa: fixing energy crisis  prioritySouth African President Cyril Ramaphosa has increased a target to attract new investment into the country by two thirds over the next five years, saying the economy needs the capital to end a debilitating power shortage that has hobbled industry growth from manufacturing to mining.

  By Palesa Mofokeng · CNBC Africa

  Apr. 13, 2023

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CNBC Africa

CNBC Africa is a pan-African business news network that began broadcasting in June 2007. Founded by Rakesh Wahi and Zafar Siddiqi, it operates under Africa Business News and is headquartered in Johannesburg, South Africa. As part of the global CNBC family, it reaches audiences in over 100 countries and is recognized as Africa’s leading multiplatform business media brand. The network offers extensive television programming, including over eight hours of live business coverage daily, featuring market updates and global business insights. Its digital platform provides breaking news and analysis focused on African economies. CNBC Africa also hosts conferences and forums to connect business leaders and investors. The network targets senior business leaders, policymakers, and entrepreneurs, aiming to enhance financial literacy and promote economic collaboration across the continent. With a commitment to delivering localized content alongside global financial expertise, CNBC Africa serves as a vital resource for business intelligence in Africa.