Chris Yelland: Eskom Crisis – SA already has a Plan. Let’s use it.
Chris Yelland suggests Ramaphosa begins addressing the Eskom Crisis by dusting off the six year old White Paper. There’s no need to reinvent any wheels.
Chris Yelland suggests Ramaphosa begins addressing the Eskom Crisis by dusting off the six year old White Paper. There’s no need to reinvent any wheels.
For the second time this year Eskom said it would need to reduce demand by 4,000 megawatts (10% of installed capacity) to avoid a system collapse.
Rotational power cuts will be implemented this weekend in a bid to increase Eskom’s water and diesel reserves.
Exxaro is one of Coronation’s top ten preferred large caps on the South African market and Craig Martin thinks that with iron ore prices down it’s a steal at the price.
Trade union Solidarity said the silo had been showing signs of stress since January and Eskom had done nothing to correct the problem.
South Africa will inject 20 billion rand ($1.82 billion) cash into struggling power utility Eskom, and may also convert its existing 60 billion rand subordinated loan to equity, the National Treasury said on Wednesday.
The Full Mini Budget Speech by Finance Minister Nhlanhla Nene (Click here for the supporting documents): It is my privilege to present the 2014 Medium Term Budget Policy Statement and the Adjustments Appropriation Bill, the Division of Revenue Amendment Bill, all for 2014/15, and this year’s Revenue Laws Amendment Bills. Mister President, we are calling … Read more
After the outburst of public anger around South Africa’s $50bn nuclear power plant deal with Russia, chief economist Azar Jammine offered a more sanguine view.
In this focused discussion on renewable energy, Paul Semple of Futuregrowth explains why his company has lent more than R4bn to 19 South African projects – and explains why renewable energy will deliver cheaper electricity into the national grid than Eskom’s new coal-fired power stations. But he frets that this is the trough for renewable … Read more
The country’s electricity utility Eskom is becoming a national embarrassment. Facts shared by Nedbank Group Economist Dennis Dykes prove the folly of trying to enforce central planning in South Africa’s highly complex market-driven economy. Unbelievably arrogant decisions forced through by interfering politicians, especially during the term of the Zuma Administration, is wreaking havoc with electricity … Read more