Tag: News

In a decisive move, South African Finance Minister Enoch Godongwana has concluded that Eskom, the state power company, will not be granted a partial exemption from disclosing irregular, fruitless, and wasteful expenditure, and significant losses from criminal conduct in its annual financial reports, as announced by the National Treasury on Wednesday. Controversial Exemption Revoked In […]

June 7, 2023 Cape Town’s mayor, Geordin Hill-Lewis, has unveiled a revolutionary energy initiative that will see Amazon and 14 other companies delivering self-generated power via the city’s grid. The city council is expected to sanction the scheme later this month, following the mayoral committee’s approval. Understanding Electricity Wheeling Electricity wheeling – the process enabling […]

June 7, 2023 In a promising move towards inclusive economic expansion and job creation, the South African government has formed a robust partnership with key representatives of the business community. This initiative aims to collaboratively identify and navigate the challenges presently confronting the South African economy. Building Bridges, Overcoming Obstacles On Tuesday, top executives of […]

Despite facing unprecedented power outages, South Africa observes a modest GDP growth in Q1 2023. South Africa’s Economic Performance: An Overview South Africa has narrowly sidestepped a technical recession, registering a modest 0.4% GDP growth in Q1 2023, despite the country’s persistent power crisis. This turnaround – on par with market predictions – follows a […]

President Cyril Ramaphosa pins hopes on Portugal’s renewable energy expertise to shed South Africa’s load shedding woes. In a bid to alleviate the chronic energy crisis plaguing South Africa, President Cyril Ramaphosa has proposed forming a partnership with renewable energy trailblazer, Portugal. Recognizing Portugal as a European leader in renewable energy, Ramaphosa believes its expertise […]

Amid improving generation capacity, Eskom tweaks its load-shedding schedule, providing relief for energy-weary South Africans. South Africa’s primary energy provider, Eskom, has issued an updated load-shedding schedule. The new scheme, set to begin at 4 PM today, 6th June 2023, ushers in Stage 3 load-shedding until midnight. Following this, a reprieve from load-shedding is granted […]

A tense economic scenario ensues as South Africa prepares to confront its latest GDP figures amid sweeping power cuts and inflation. In an environment characterized by the double blow of persistent power blackouts and soaring inflation, South Africa teeters on the brink of an economic free fall. A weakened rand, steadily climbing interest rates, and […]

June 5, 2023 In a direct response to pressing local government issues, President Cyril Ramaphosa, in an urgent call to action, urged the nation to tackle the service delivery bottlenecks hindering the progress of local governance. These obstacles range from skills shortages and governance lapses to a lack of accountability and insufficient consequences for failures. […]

When envisioning a sustainable future, the image of solar panels glittering under the Cape Town sun often comes to mind. However, this dream is experiencing a significant delay, with citizens enduring a prolonged wait of up to five months for permission to install these energy-saving devices. What’s more, early birds risk facing fines if they […]

A Break from the Darkness: Lowered Load Shedding this Week South Africa’s power utility, Eskom, comes bearing somewhat good news for the week. They’ve announced a temporary reprieve in load shedding due to an anticipated reduction in power demand and a boost in available generation capacity. Today’s Power Play: Stage 2 Load Shedding As of […]