The City of Cape Town’s energy directorate has accepted an offer of technical assistance from the United States Agency for International Development’s (USAID) South African Energy Programme (SAEP).
South African motorists face further petrol hikes over the coming months as oil price increase - with a R2/litre hike expected in April based on current trajectories.
The Norwegian Investment Fund (Norfund) and the UK’s development finance institution (the CDC Group) have announced a R600 million investment in H1 Capital - a South-African black-owned and managed renewables investment and development company.
The Department of Mineral Resources and Energy has published the latest fuel price adjustments for March 2022, showing a sharp hike in prices for both petrol and diesel in South Africa.
Godongwana said that a petrol price hike to fund e-tolls was a 'blunt instrument' that would ultimately be carried by already cash-strapped consumers.
The National Energy Regulator of South Africa (Nersa) has approved a 9.6% tariff increase for Eskom.
KwaZulu-Natal premier Sihle Zikalala says the province has begun talks with petroleum companies BP and Shell to purchase South African Petroleum Refineries (Sapref).
Eskom should abandon its outdated business model, reduce its footprint in the sector, and compete on a level playing field with private participants, including the producers of renewable energy, says the International Monetary Fund.
The City of Cape Town says it is ready to begin the process of moving off Eskom's grid but warns that several important regulatory issues remain unresolved and unclarified.
President Cyril Ramaphosa has appointed former Reserve Bank deputy and Absa CEO Daniel Mminele as head of the newly established Presidential Climate Finance Task Team.
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