PODCAST | SA Money Report: The Medupi shocker

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Fin24's weekly SA Money Report provides bite-size takes on financial and business stories, along with a deep dive into the story of the week.
Fin24's weekly SA Money Report provides bite-size takes on financial and business stories, along with a deep dive into the story of the week.

In this first episode of Fin24 new weekly series - SA Money Report - deputy editor Ahmed Areff takes on bite-size samples of some the week’s most talked about business and financial stories, before tackling one big main story. 

Our aim with this series is to take complex issues and break them down in way that gives listeners an insight into a world that can often be impenetrable, either because of really dense figures, ratios and percentages - or because you need to navigate obscure financial terminology. 

The episode takes listeners from the deserts of Afghanistan with the Taliban to a fugitive South African dubbed "Fluffypony", before economic reporter Lameez Omarjee helps us peek behind the curtain and delve into the seemingly never-ending story of Eskom's Medupi power station.

Eskom announced on Monday that the sixth and final generating unit at the Limpopo coal power station was now feeding the grid, and that after 14 years the project was finally complete. 

We dismantle this announcement, and explore why after delays, cost overruns, design flaws and allegedly dodgy contracts, which involve the ANC, the Medupi story isn't close to being complete. 

New episodes of SA Money Report will be released every Friday. 

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