5 important things happening in South Africa today

Eskom’s “Medium-Term System Adequacy Outlook 2024 – 2028” report shows that load-shedding increased by over 700% in two years and will likely have a significant electricity generation shortfall over the next five years. It further showed Eskom extensively used its open-cycle gas turbine power plants to prevent even worse load-shedding in 2023, with costs increasing by over 50% over the last year – from R15 billion in 2022 to R30 billion in 2023.

[ Powerful US Democratic Party Senator Chris Coons is circulating a discussion draft of a Bill to renew the African Growth and Opportunity Act for 16 years that would also require an immediate “out-of-cycle” review of South Africa’s eligibility for Agoa. This could lead to South Africa being removed next year from the programme, which has provided considerable benefits to SA exporters to the US of cars, fruits and wine, in particular.

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