South Africa - Eskom Holdings Limited

The Eskom Limited Company Investment Program aims to assist the South African Government in achieving the Accelerated Shared Growth Initiative (ASGISA) 6% per annum target of GDP growth from 2010. Eskom plays an important role in the South African economy in terms of job creation, universal access to electricity and economic development. The Investment Program will be critical to the realization of the Accelerated and Shared Growth Initiative (ASGISA) whereby the Government intends to halve the level of poverty and unemployment by 2014 and enable South Africa to achieve and sustain high average economic growth rates of 4.5% for the period 2004- 2009 and 6% between 2010 and 2014. The proposed investment program will also enable Eskom to continue to increase the level of service, thereby reducing poverty, promoting opportunities for the participation of marginalized communities in economic activity and improving the quality of their lives. It is comprised of (a) generation (b) transmission (c) distribution and (d) corporate operations.