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De Ruyter is surprise choice for CEO of South African power firm

Bloomberg South Africa appointed Andre de Ruyter as chief executive officer of Eskom Holdings SOC, the debt-strapped utility that provides about 95% of the nation’s electricity and poses the biggest threat to its economy. De Ruyter, who is currently the CEO of Nampak Ltd, will take up the post on January 15, the Department of Public Enterprises said in a ...

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Poland moves ahead with $60 billion power project

Bloomberg After at least a decade of preparations, coal-reliant Poland may be one step away from embarking on its biggest power project ever, with talks on securing the $60 billion in financing entering the final stretch. The country is seeking a foreign investor for a 49% stake in the company that will be responsible for building and operating six reactors, ...

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Hong Kong court finds Lam’s mask ban unconstitutional

Bloomberg A Hong Kong court has found that the local government’s controversial mask ban unconstitutional, delivering a fresh legal blow to an administration struggling to contain increasingly violent protests. The High Court ruling came on Monday in response to a challenge filed by the city’s opposition lawmakers. Chief Executive Carrie Lam imposed the ban last month by invoking colonial-era emergency ...

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