South African power utility Eskom says it needs to hike tariffs to fund president Cyril Ramaphosa's new energy plan.
The Department of Mineral Resources and Energy has published the official fuel adjustments for August 2022, with motorists finally getting some relief from hikes.
Attorneys from Webber Wentzel have unpacked the legal and practical considerations of five key interventions as proposed by the government.
South Africa’s plan to take over part of Eskom's R396 billion debt is in the “right direction,” because the power utility is “too big to fail,” Nedbank chief executive officer Mike Brown said.
Eskom says it has awarded contracts to two successful bidders – Hyosung Heavy Industries and Pinggao Group – for the provision of battery storage solutions in terms of its flagship Battery Energy Storage System (BESS) project.
The ANC wants to a second state-owned power utility to challenge Eskom’s monopoly in the country. And despite the establishment of such an entity not being in the party's discussion documents for its policy conference this weekend, it is most…
South Africa’s Treasury is finalising a plan to take over a portion of Eskom’s R396 billion ($24 billion) debt as part of a process to place the struggling electricity company on a sustainable footing, a top official said.
Chief economist Investec, Annabel Bishop says that South Africa is in line for a cut in the petrol price of nearly R2.00 per litre in August given the drop in the international gasoline price.
The energy crisis in South Africa can be resolved in 18 to 24 months, says Eskom chairperson Malegapuru Makgoba, but it needs full commitment - and a concrete plan.
British International Investment Plc, the UK government’s development-finance arm, plans to invest $6 billion over the next five years in Africa in areas ranging from renewable power and digital infrastructure to supporting women-owned businesses.
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