power station at sunrise

Medupi power station comes to life

Medupi, the world’s largest drycooled power station comprises 6 units with a total output of 4800 megawatts. Construction began in 2007 and in August 2015, the first of six units was completed and officially handed over to the utility provider Eskom bringing an additional 794 megawatts of permanently available power to the system. South Africa […]

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South Africa rail programme

South Africa: Big Investments, Big Transformation

By all accounts, South Africa’s plan to procure more than 7,200 new rolling stock sets a record as the largest public metro rail procurement program in history. And with a total 20-year projected budget of around US$10 billion, it is likely the largest rail project of any kind underway in the world today. Yet while […]

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highway traffic infrastructure

Who exactly controls our infrastructure?

Clearly, private participation in infrastructure is a good – and entirely necessary – trend. And, given the existing infrastructure gap evident around the world, it also seems fairly clear that governments and public infrastructure authorities are going to need a lot more private participation in the future. But as the private sector takes on an […]

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forward thinking

Forward-looking insurers are showing an appetite for innovation

The future will be shaped by those innovating today. For the insurance sector, it’s an imperative.” – Gary Reader, Global Head of Insurance, KPMG International Insurers and intermediaries can no longer do ‘more of the same’ and expect to grow. Technology and innovation have created a new world of opportunity for individuals, businesses and society. […]

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cars at robot

Retail Distribution Review (‘RDR’) should inspire us to innovate

The RDR paper outlines a number of key risks inherent in the current distribution landscape, including distribution relationships and intermediary remuneration models that contribute to poor outcomes and mis-selling. It puts forward a number of proposals aimed at addressing these risks. Key structural changes include placing greater responsibility on product suppliers for ensuring the delivery […]

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time to innovate

Insurance sector struggling to innovate, finds KPMG International survey

While insurance executives overwhelmingly know that innovation will drive future competitive advantage and growth, most seem to be struggling to kindle the spark within their organisation, finds a KPMG International report released today. Results of a survey of 280 insurance executives from around the world and a series of one-on-one interviews with insurance leaders and […]

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renewable energy solar panels

IPPs – Hedging yourself from a knowledge risk

The South African energy industry is being transformed by the Department of Energy’s (DoE) Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). Many power purchase agreements (PPAs) have been signed between Eskom and Independent Power Producers (IPPs) and many more are expected. Even with this growth potential, this sector is facing unprecedented challenges as a […]

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mining equipment

KPMG successfully hosts the first Mining Executive Forum in South Africa

South Africa’s once mighty and economy-dominating mining industry is, at present, in dire straits. It is an industry beset by a myriad of challenges that include, but are not limited to, an uncertain regulatory framework, subdued commodity prices, increased working costs, constrained infrastructure, high labour costs coupled with poor levels of productivity, strained labour-management relations, […]

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