Motorists in South Africa can expect a sizeable petrol price cut next week, with diesel drivers also in store for a reprieve.
Government drags its feet on moving parliament; Eskom CEO says corruption is still a major problem at the utility; EU objects to South Africa's scrap metal export ban; and some metros could pay less for electricity when prices are hiked…
South Africa’s energy minister dismissed the notion that renewable electricity can bring an end to years of rolling blackouts, pointing to Europe’s pivot back to the use of fossil fuels as evidence of the constraints of using green energy.
South Africa is forging ahead with a plan to create a new state-owned power company by converting three coal-fired plants into gas-burning generators to ease the nation’s energy crisis.
Power utility Eskom has presented its system status and outlook to the joint portfolio committee on public enterprises and mineral resources and energy, outlining what it expects in terms of power capacity and maintenance over the next year.
Oil headed for a third monthly drop, the longest declining streak in more than two years, on prospects for slower global growth as central banks tighten policy and China presses on with its Covid Zero strategy.
Oil climbed to the highest since late July as fears of production outages in Libya that would exacerbate a global energy crunch.
Discovery reports that 86% of consumers are ready for digital banking as long as the banks provide ease of use and secure channels - however, some people may end up being excluded.
Consumers are in for a reprieve in the coming months in South Africa as economic indicators point to food price inflation stabilising, while end-month data from the Central Energy Fund shows a likely petrol price cut for September.
Energy giant Sasol says that applications are currently open for its all-inclusive bursaries for the 2023 academic year.
© 2022, Instive. All rights reserved
