News in South Africa 24th January: 1. Over 1 900 business shut down in 2022: Stats SA has published the latest liquidation data for South Africa, showing that company liquidations shot up over 30% in December 2022 year on year – although overall closures for the full year were slightly lower than the year before. […]
News in South Africa 30th November: 1. Eskom’s power station shut down plan: Eskom plans to decommission and repurpose coal-fired power plants at Camden, Hendrina, and Grootvlei at an estimated $2.6 billion (R44 billion) for the three. This follows the government decommissioning and repurposing of its oldest power station Komati in Mpumalanga, with the help […]
News in South Africa 29th November: 1. Infrastructure growth not a reality: The South African government has put a spin on infrastructure projects worth billions of rands as a way to drag the economy out of stagnation – but the PR belies the reality that not much has been done over the last few years […]
News in South Africa 23rd November: 1. Eskom in dire need of funds: Eskom has approached National Treasury asking for another R15 billion for diesel and other fuel so that it can keep the lights on in the country. The power utility has run out of fuel to power its open-cycle gas turbines, which are […]
News in South Africa 22nd November: 1. Risk of total blackout: Energy expert Professor Anton Eberhard has warned that Eskom’s decision not to refuel its diesel open cycle gas turbines (OCGTs) increases the risk of a system failure. Eberhard is the director of Power Futures Lab at the University of Cape Town’s Graduate School of […]
News in South Africa 17th November: 1. Technical recession avoided: South Africa’s economy is likely to have averted a technical recession in the third quarter despite record power outages, key data indicates. Better-than-expected mining and manufacturing output are set to outweigh relatively soft retail sales data, suggesting Africa’s most industrialized economy returned to growth in […]
News in South Africa 9th November: 1. COP27 pledges $10bil to go green: South Africa is one of the winners at COP27 — the International Partner Group (IPG) of five nations pledged an extra $10-billion to support the country’s transition investment plan from fossil fuels — but it will be costly. This was announced by […]
News in South Africa 10th October: 1. SA on the brink of disaster: Former reconstruction and development minister Jay Naidoo says South Africa is in serious trouble and is showing signs of a failed state. Naidoo is a seasoned politician who was the founding general secretary of the Congress of South African Trade Unions (Cosatu). […]
News in South Africa 6th October: 1. Water restrictions kicking in: Rand Water has urged residents in Gauteng to implement water-saving strategies to avoid necessitating the move to higher stages of restrictions in the province. Large parts of Gauteng, including the major metropolitan municipalities of the City of Joburg, City of Tshwane and the City […]
News in South Africa 23rd August: 1. Eskom gears up for renewables: Eskom is working with the South African Renewable Technology Centre (SARETEC) to upskill its workers and adapt to the shift to renewable energy, moving away from coal power stations. On Monday (22 August), the national power utility signed a memorandum of agreement with […]
