(AFX UK Focus) 2010-03-11 16:52 SAfrica may face power cuts if no World Bank loan
(AFX UK Focus) 2010-03-11 16:52 SAfrica may face power cuts if no World Bank loan
JOHANNESBURG, March 11 (Reuters) – South Africa may need to enforce power cuts or raise electricity tariffs further if a disputed $3.75 billion loan from the World Bank is not approved, a senior government official said on Thursday. “If they say no, we will either increase the tariffs or we will face serious blackouts,” Director General at the Ministry of Energy Nelisiwe Magubane told Reuters in …
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