Group Five sees urban risks

Pretoria – Group Five believes housing and property developments on the edge of urban areas could be at risk because of a lack of power, but the listed construction and engineering group thinks Eskom’s capacity problems have been exaggerated.

Group Five chief executive Mike Upton said yesterday that Eskom’s capacity would increase as the utility brought back units from maintenance and rolled out its full repower programme, such as the refiring of the Grootvlei and Camden power stations.

Read more @ Business Report – Group Five sees urban risks.