The National Transmission Company South Africa (NTCSA) and the Industrial Development Corporation (IDC) have signed a memorandum of understanding aimed at unlocking industrial financing to NTCSA-verified suppliers and contractors involved in the expansion of South Africa’s electricity transmission network. In a joint statement, the two State-owned entities indicated that they would seek to use the funding to stimulate supplier development, localisation and industrialisation, with a particular focus on commodities such as transformers, insulators, hardware, transmission steel, conductors, and broader grid infrastructure construction.
