News in South Africa 14th August: 1. Economy likely to grow: South Africa’s economy probably avoided a contraction in the second quarter, despite record power cuts, logistical constraints and sagging consumer confidence. In the view of analysts polled by Bloomberg Aug. 4-10, the economy stagnated quarter-on-quarter, compared with a forecast for a 0.1% contraction last […]
News in South Africa 4th April: 1. Why Eskom is exempted: National Treasury claims pressure would be placed on the fiscus and the borrowing powers of state-owned enterprises (SOEs) if the exemption granted to Eskom from disclosing irregular and fruitless expenditure in its annual financial statements was not considered. Reacting to widespread criticism of the […]
News in South Africa 23rd February: 1. Calib Cassim new Eskom CEO: Ailing state-owned power utility Eskom has appointed Calib Cassim as acting CEO following André de Ruyter’s immediate departure this week. Cassim’s appointment is effective immediately. “Eskom is pleased to announce the appointment of Calib Cassim as interim group chief executive officer with immediate […]
News in South Africa 6th February: 1. Eskom – state of disaster: The call by the ANC for a state of disaster to be declared over the energy crisis has alarmed many across society. Organised business was also surprised by the announcement, given that only a few months ago the president said a state of disaster […]
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 14th November: 1. Infrastructure collapsing: Around half of South Africa’s public infrastructure has collapsed or is close to collapsing, and needs to be addressed as soon as possible. This is the warning from the South African Institution of Civil Engineering (Saice). Something has to be done or South Africa may become […]
News in South Africa 24th August: 1. Vehicle industry slashing jobs: Automakers from General Motors to Toyota are on a mission to phase out gasoline vehicles. And while a future full of clean, electric cars will help reduce harmful emissions and stunt climate change, it may spell disaster for the thousands of auto workers whose jobs will be rendered […]
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 […]
News in South Africa 23rd December: 1. Over the peak of fourth wave: South Africa has crested the fourth wave of Covid-19 infections driven by the spread of the omicron variant. CSIR researcher Ridhwaan Suliman said that the country passed the peak in about half the number of days it took to get past previous waves. South […]
News in South Africa 19th October: 1. School vaccination drive: Gauteng premier David Makhura says his government is working on a programme that will allow children to be vaccinated at schools. “We are going to use the schools as sites for vaccination. We are urging parents to consent. We don’t want to work against parents,” […]
