Highlights from Godongwana’s Midterm Budget 2023

Headlines at a Glance: Weathering the Power Storm: A Glimmer of Growth Finance Minister Enoch Godongwana gave a nod to the resilience of the nation’s economy, noting it grew by a modest 0.9% even amidst the most intense load shedding seasons we’ve seen. Quite a feat! Looking Through the Economic Telescope: Godongwana didn’t sugarcoat things. […]

Eskom’s Power Moves: The Upswing in Generation

Highlight of the Day:Eskom is shining brighter these days, and load shedding’s dark days might just be behind us. Taking the National Assembly by Storm Minister in the Presidency for Electricity, Dr Kgosientsho Ramokgopa, took to the floor on October 24th with news we’ve all been waiting to hear. From Dim to Dazzling Introduced in […]

Charting the Green Path: South Africa’s Hydrogen Leap

South Africa is gearing up for a green revolution. In recent news, the Cabinet has officially stamped its approval on the Green Hydrogen Commercialisation Strategy (GHCS). The Big Announcement Minister in the Presidency, Khumbudzo Ntshavheni, was effusive about the strategy’s potential, confidently predicting: “Government has identified possible funding for green hydrogen projects and the draft […]

Eskom Transmission Line Expansion Project Calls for R210 Billion Investment

Increasing Grid Capacities for Renewable Energy Projects The South African Minister of Electricity, Kgosientsho Ramokgopa, has highlighted the government’s urgent need to expand transmission lines, aiming to cater to the surge in renewable energy projects in the pipeline. The planned expansion is anticipated to require a significant R210 billion investment. Over the past decade, Eskom […]

Cabinet Applauds Eskom’s Increased Energy Availability Factor

Thursday, July 6, 2023 South Africa’s Cabinet has expressed satisfaction with the considerable improvement in Eskom’s energy availability factor, which has risen to nearly 70%. Grid Enhancement and Improved Maintenance This positive shift comes as approximately 400 megawatts (MW) of power have been incorporated into the grid, coupled with a rapid advancement in planned maintenance […]

Ramaphosa’s Diplomatic Dance Boosts Rand amid Global Market Fears

Turning the Diplomatic Tide President Cyril Ramaphosa’s strategic efforts to dissociate South Africa from perceived alliances with Russia are starting to yield results, bringing a reprieve for the beleaguered rand, as the focus shifts towards the world market trends over local tribulations like persistent load-shedding. The cloud of uncertainty over the potential grid collapse and […]

President Ramaphosa in Talks with Treasury to Allocate Funds to Combat Energy Crisis

Paving the Way for Power Four months after announcing Kgosientsho Ramokgopa as the new Electricity Minister, South African President Cyril Ramaphosa has confirmed that he’s still hammering out the budget details for the nascent ministry. This is a crucial step, given the department’s legislative responsibilities. According to Ramaphosa, the presidency is working with the National […]

Public-Private Powerhouse: The Blueprint for South Africa’s Resurgence

In an extraordinary meeting held this week, South African government officials and key business sector representatives convened to construct a comprehensive plan. The agenda? Tackling head-on the challenges besieging the nation. Under the rally cry of “removing obstacles to inclusive economic growth and job creation,” the meeting marked a historic collaboration between sectors. Top Priorities […]