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Mining specialists warn that South Africa has considerably more difficulties than Eskom
According to experts at the 2023 Mining Indaba in Cape Town, Transnet is generating much more headaches for the South African mining sector than Eskom. They claimed that mining firms had lost R51 billion in revenue in the previous year owing to locomotive shortages and railway lines being out of service for lengthy periods due
Big power cuts crash growth outlook
Near-term growth prospects have slumped due to intensified power cuts. “We have cut our GDP forecast for Q4 22 to -0.5% q/q sa and also project a Q1 23 contraction. For 2023 as a whole, the impact of power cuts on activity levels, business confidence and private investment cuts our GDP forecast by 0.9pp to
Eskom has announced a weekend load-shedding plan, here is the schedule
Eskom will reduce load-shedding to stage 3 on Saturday, 11 February 2022, at 05:00. Stage 3 power outages will last until 05:00 on Sunday, when they will be reduced to stage 2. The power provider said the rotating power outages would resume at 16:00 on Sunday. “Stage 4 load-shedding will continue to be implemented at
South Africa's most wanted electric vehicles
The newest Annual Car Industry Report from AutoTrader reveals the most searched-for, visited, and listed electric cars (EVs) on its South African website in 2022. The automobile classifieds network saw a 159% increase in EV advertisement views among its members, owing mostly to new models hitting the market and piqueing customer interest. The RS E-tron
Ramaphosa and Dlamini-Zuma react to state of disaster concerns
South African President Cyril Ramaphosa and Minister of Cooperative Governance and Traditional Affairs Nkosazana Dlamini-Zuma have stated that South Africans should not be concerned about the disaster declaration made yesterday, 9 February. Dlamini-Zuma, whose department is in charge of the state of disaster response, told 702 that South Africans need not be concerned about the
South Africa declares Eskom load-shedding a national state of disaster
Dr Elias Sithole, the chairman of the National Calamity Management Centre, has declared load-shedding a national disaster. On Thursday evening, Cooperate Governance and Traditional Affairs Minister Dr Nkosasana Dlamini-Zuma proclaimed a state of disaster via government gazette. “Emanating from the classification of this occurrence as a national disaster, in terms of section 26, read with
Warning about the impending tragedy – load shedding will only worsen
The designation of a catastrophe over South Africa's energy issue would not help bring additional power production online swiftly or decrease load-shedding anytime soon. According to Matthew Cruise, Hohm Energy's head of business intelligence, in reaction to President Cyril Ramaphosa's 2023 state of the nation speech on Thursday. While maintaining the previous plan to repair
The Minister of Electricity might cost South Africa more than R37 million, according to the DA
According to Leon Schreiber, a Democratic Alliance (DA) public service and administration specialist, South Africa's new power minister might cost the government more than R37 million per year (pictured). President Cyril Ramaphosa announced the new position on Thursday, 9 January 2023, at his State of the Nation Address. Schreiber, on the other hand, feels a
New R2.4 billion development is bringing affordable housing to Stellenbosch, With houses starting at R850,000
A new complex is set to open in Stellenbosch, with the goal of offering affordable housing to a region that is famously pricey. The Newinbosch area intends to bring cheap, secure living to the mostly privileged Stellenbosch residential market after over six years of meticulous planning, lengthy pandemic delays, and a demanding development clearance procedure.
Pricing: New entirely electric Volvo currently available in South Africa
The completely electric Volvo C40 Recharge has gone on sale in South Africa, with a starting price of R1,285,000. The vehicle's first allocation in South Africa is 50 units, with the first customer cars slated to arrive in June 2023, according to Volvo. Orders may be placed using the My Volvo website. The C40 Recharge
Where to watch Ramaphosa's SONA 2023 in real time
On Thursday, 9 February 2023, at 19h00, President Cyril Ramaphosa will deliver the State of the Nation Address (SoNA). The speech will be delivered before a joint session of the two houses of Parliament and will be webcast and aired on a variety of media, including news networks, radio stations, DStv, and live-streaming sites like
South Africa has passed new legislation to limit ministers perks and freebies
The Democratic Alliance has announced its intention to present a private members' bill (PMB) in parliament to limit the benefits and privileges given to cabinet ministers. The PMB notice was presented by DA MP Dr Leon Schreiber at the end of January, with comments on the bill accessible until 20 February 2023. The proposed bill
Economist: South Africans have realised that no one would come to their aid
According to the continent's largest bank, self-generation of energy by South African businesses and homes is expected to lessen rolling blackouts without jeopardising the state power utility's economic model. According to Goolam Ballim, chief economist of Standard Bank Group Ltd, as much as 1,000 megawatts of new generating capacity from privately held auxiliary power systems
Twitter increases character limit for Blue subscribers
Twitter Blue customers in the United States may now send tweets with up to 4,000 characters. Members were previously restricted to 280 characters per tweet. The "Blue" membership on Twitter allows paying users to edit tweets within 30 minutes of posting them, upload lengthier and full HD videos, and utilise NFT avatars. The capability may
Microsoft rejoined the $2 trillion club
A recovery in Microsoft Corp. shares sees the software giant's market value expected to close above $2 trillion (R35.44 trillion) for the first time in almost six months, as technology equities bounce. Microsoft gained up to 3.4% to $276.76 early Wednesday, joining Apple Inc. as the only firms with market capitalizations more than $2 trillion.
British Airways and Airlink have joined together to improve flight connectivity in South Africa
Airlink, a domestic airline, has announced a new codeshare arrangement with British Airways, which would improve air travel between the UK, Europe, North America, and more than 15 Southern African locations. Travelers travelling from Cape Town or Johannesburg, or transiting through London (or vice versa), will be able to connect to their destination on a
Why is rand weak right now
The rand is much lower versus major currencies, owing to global and domestic pressures. On Tuesday (7 February), the local currency fell to a low of R17.69 per dollar, rebounding only marginally to roughly R17.55 on Wednesday morning. The rand's decline, according to Investec chief economist Annabel Bishop, is mostly due to risk sentiment changing,
What to expect from Ramaphosa's State of the Nation Address today
On Thursday, President Cyril Ramaphosa will make his annual State of the Nation Address (SONA) (9 February). The State of the Nation Address (SONA) is an important opportunity for the public to learn about the government's plans and priorities for the next year. With South Africa experiencing record load shedding and cash-strapped customers struggling to
Congo's president seeks additional green energy metal exploration
Tshisekedi stated that exploration for the two minerals will begin "in the coming days" in Congo's southern, diamond-rich Kasai area. According to President Felix Tshisekedi, the Democratic Republic of the Congo intends to position itself as a vital supply of metals in the green energy transition, which would include additional nickel and chrome discoveries. Exploration
Permanent power outages are the new normal in South Africa
Electricity shortages are a "permanent new reality" for South African businesses, according to retailer Pick & Pay Stores Ltd. The associated costs are significant. Despite the worst national power outages on record, the country's largest food stores have upped their investments in standby generators, rooftop solar panels, and refrigerated trailer trucks. Shoprite Holdings Ltd. said