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.
Power utility Eskom says that its system is in better shape thanks to work done to get units back to operation, while a review of the country's load shedding status is underway.
The City of Cape Town will publish documents detailing its upcoming procurement of power from independent power producers (IPPs) within the next two weeks, says mayor Geordin Hill-Lewis.
Eskom says that the risk of continued load shedding up until the end of March 2022 remains high.
Eskom has announced that it will introduce stage 2 load shedding on Wednesday (2 February), due to ongoing power constraints.
Eskom has warned that its power system is under severe pressure, in a statement on Tuesday evening.
The proposed introduction of a fuel price cap in South Africa has been shut down by the oil industry as stakeholders did not agree with the proposal, says Robert Maake, director of fuel pricing mechanism at the Department of Energy.
The Department of Mineral Resources and Energy has published the latest fuel price adjustments for February 2022, showing a sharp hike in prices for both petrol and diesel in South Africa.
Power utility Eskom has warned that the road to operational recovery and sustainability will be long and hard.
Eskom has published its summer load shedding forecast for 2022, with the power utility warning that its system is likely to remain constrained for the near future.
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