Category: News

South African consumers were left in shock on Thursday as the South African Reserve Bank Governor, Lesetja Kganyago, announced a significant 50 basis points increase in the repurchase rate, raising it from 7.25% to 7.75%. Consequently, the prime lending rate in South Africa has moved from 10.75% to 11.25%. The central bank’s aggressive rate hiking […]

Insurance policy exclusions for a total grid failure might seem like a bad deal for South African consumers, but senior assistant ombudsman Peter Nkhuna argues that they’re essential for the industry’s survival. Here’s a breakdown of his reasoning: Outsurance Joins Grid Collapse Exclusion Trend Outsurance is the latest insurance company to add grid collapse exclusions […]

A legal case being heard at the North Gauteng High Court in Pretoria involving 19 applicants, including political parties, trade unions, and other entities, could result in a total national blackout, warns former Eskom CEO André de Ruyter. The applicants are fighting to declare load-shedding unconstitutional, with the case unfolding in two parts. Applicants’ Demands: […]

“South Africans rejoice as Eskom introduces revolutionary ‘EnergiLeap’ technology.” Johannesburg, South Africa – April 1, 2023 – South Africa’s leading electricity provider, Eskom, has announced a groundbreaking new solution to the ongoing load shedding crisis: a 25-hour uninterrupted power supply daily! According to the company, this game-changing solution will be made possible through the introduction […]

President Cyril Ramaphosa has reassured the public that the government is actively working to mitigate the impact of load shedding on different sectors of society and the economy. Speaking in Parliament, Ramaphosa emphasized that the government’s primary focus is on reducing the severity and frequency of load shedding through various interventions coordinated by the National […]

Brace yourself as Eskom cranks up the load shedding to stage 4. Check out the full schedule and stay prepared with our easy-to-scan guide: Load Shedding Schedule: A Day-by-Day Breakdown Behind the Scenes: Generation Capacity Updates Recent Power Station Developments Load Shedding Schedules for Major Metros Stay on top of the game by checking your […]

South Africa’s Energy Revolution: A Load Shedding Trigger JP Landman, political and trend analyst, argues that load shedding is catalyzing South Africa’s energy evolution. The frustration and negative impact of load shedding are propelling the country towards an energy revolution, with investments of around R1.5 trillion expected in the energy sector within the next five […]

A Beacon of Hope: Ramaphosa’s Commitment to Tackling Load Sheddingdding Woes President Cyril Ramaphosa shared an optimistic perspective on South Africa’s electricity crisis, highlighting the progress made by the National Energy Crisis Committee (Necom) in tackling the issue. However, no specific timeline or relief date for the country’s rolling blackouts was provided. The Current Load […]

Cape Town’s Bold Budget Aims to End Loadshedding: A Bright Electric Light at the End of the Eskom Tunnel Cape Town Mayor Geordin Hill-Lewis recently unveiled the City of Cape Town’s ‘Budget for Building Hope’ for the fiscal year 2023/24. The R69.9 billion draft budget includes a bold R2.3 billion commitment to tackle loadshedding and […]

Navigating Load Shedding: Your Weekend Schedule and Updates South Africans are facing a frustrating weekend as Eskom’s deliberate load shedding continues to fluctuate between different stages. Here’s what you need to know about the upcoming schedule and related updates: Load Shedding Outlook Until Sunday Eskom’s interim spokesperson, Daphne Mokwena, shared the load shedding outlook for […]