News in South Africa 19th January: 1. Eskom diesel nightmare: Eskom is living hand-to-mouth in its efforts to obtain the diesel needed to continue running its open-cycle gas turbines (OCGTs), which, in the face of prolonged power generation outages, is the only way the utility can stave off severe and ongoing curtailment of South Africa’s […]
News in South Africa 18th January: 1. Food shocker due to load shedding: The price of some staple food groups is expected to rise as load shedding takes its toll on the agricultural sector, says Christo van der Rheede, an executive director at Agri SA. Speaking to 702, Van der Rheede said that load shedding is […]
News in South Africa 17th January: 1. Hardships pile up for consumers: Economists are raising red flags over higher inflation rates, which will invariably lead to more interest rate hikes from the South African Reserve Bank (SARB) as South Africans continue to sit under the pressure of high levels of load shedding and a massive […]
News in South Africa 16th January: 1. Ramaphosa stays home for power crisis: President Cyril Ramaphosa has cancelled his visit to Switzerland to urgently attend to the energy crisis back home. Ramaphosa was scheduled to travel to Davos for the World Economic Forum summit, an annual meeting of world leaders, business and civil society which […]
News in South Africa 12th January: 1. Load shedding to damage infrastructure: Raised levels of load-shedding are a crisis for the Tshwane municipality, affecting the condition of its electricity network and its ability to attend to outages. City of Tshwane MMC for utilities and regional operations Daryl Johnston made this comment on Wednesday after Eskom […]
News in South Africa 11th January: 1. Stage 6 returns: Eskom has announced that load-shedding will move to stage 6 at 21:00 on Tuesday, 10 January 2023. It will continue until 05:00 on Wednesday, after which load-shedding will drop to stage 4 until 16:00. “Stage 6 nightly load-shedding will then be implemented at 16:00–05:00 until […]
News in South Africa 10th January: 1. Eskom questioned for solutions: With chronic power cuts continuing to bedevil South Africans, Parliament wants answers from Eskom. Public Enterprises committee chairperson Khaya Magaxa said Eskom management will be called to Parliament even before it officially opens next month. The country experienced unprecedented load shedding last year, including […]
News in South Africa 9th January: 1. New goals for government: ANC president Cyril Ramaphosa said load shedding, crime, and corruption were harming the party’s public standing and should be tackled head-on in its 2023 priorities. Ramaphosa was speaking at the party’s January 8 birthday celebrations in Bloemfontein, the Free State, on Sunday. The speech […]
News in South Africa 6th January: 1. Rand weakens over red flags: The South African rand has weakened alongside other emerging market currencies as the dollar rebounded this week. On Thursday (5 January), the rand weakened in early trade as investors awaited the monthly purchasing managers’ index (PMI) survey by S&P Global to find clues […]
News in South Africa 5th January: 1. Informal traders gain permits: The City of Johannesburg has made it easier for informal traders to get trading permits through an online registration and application platform. The city said that the digital application system would enable a trader or anyone wishing to become a trader in the region […]
