Our economy took another beating last week when Eskom implemented load-shedding, yet again. On Monday I wrote to President Cyril Ramaphosa asking for a clear signal in this year’s state of the nation address that national government is committed to helping Cape Town — and indeed all municipalities — to finally put an end to the economic devastation caused by energy insecurity in SA.
Load-shedding costs the national economy about R500m per stage, per day. Last week’s episode alone amounted to at least R6bn in value wiped from our economy. To put this large, abstract amount in more concrete terms, this could have paid about 460,000 South Africans the national median monthly salary of R13,044. With rising poverty and an unemployment rate now sitting at 46.6%, energy security is rapidly becoming the pressing SA social justice issue of our time.
To give credit where it is due, in the 2021 Sona, Ramaphosa finally began to take steps towards ending Eskom’s monopoly and solving the energy crisis. To this end, he announced that his government would amend Schedule 2 of the Electricity Regulation Act to increase the licensing threshold for embedded generation. This would allow independent power producers to play a significant role in our country’s electricity supply regime by supplementing Eskom’s faltering generation capacity.
It remains unclear, however, whether a ministerial determination in terms of section 34 of the ERA will be required in respect of the city’s power purchase agreements and Cape Town’s own planned generation projects. If energy minister Gwede Mantashe has an effective right to veto our power procurement projects, the resultant risk may deter potential IPP partners from making preparations to enter these contracts. For some IPPs, the risk may be too great for their financiers.
Source: Energy Industry News (energyindustrynews.net)
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😅😂🤣 how cause he will be talking as usual no action
Just how will he deal with it? Just more empty promises🤔
The Banana Republic intends to grow more bananas this year! The Rand will rise against other currencies for a day and songs of praise will be sung by and for the Ramaphoria camp. Then it's back to reality again!
14 years of this .....
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GEORDIN HILL-LEWIS: Sona offers the ideal opportunity for Ramaphosa to deal with load-sheddingEnergy security means businesses succeeding, more jobs, and meaningful economic recovery and growth I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent williamchurch09 guided me and help me make a living through bitcoin with my coinbase app, I recommend you to meet him now and also be a beneficiary of good work I have benefited from at least R40k a week with williamchurch09 through his recommended platform with my small investment. Don't spend all your money without investing. williamchurch09 is a life saver, join me and win also in with good hands geordinhl I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent williamchurch09 guided me and help me make a living through bitcoin with my coinbase app, I recommend you to meet him now and also be a beneficiary of good work
Source: BDliveSA - 🏆 12. / 63 Read more »
GEORDIN HILL-LEWIS: Sona offers the ideal opportunity for Ramaphosa to deal with load-sheddingEnergy security means businesses succeeding, more jobs, and meaningful economic recovery and growth I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent williamchurch09 guided me and help me make a living through bitcoin with my coinbase app, I recommend you to meet him now and also be a beneficiary of good work I have benefited from at least R40k a week with williamchurch09 through his recommended platform with my small investment. Don't spend all your money without investing. williamchurch09 is a life saver, join me and win also in with good hands geordinhl I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent williamchurch09 guided me and help me make a living through bitcoin with my coinbase app, I recommend you to meet him now and also be a beneficiary of good work
Source: BDliveSA - 🏆 12. / 63 Read more »
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No load-shedding on Tuesday evening or Wednesday morning, Eskom saysEskom says there will be no load-shedding from Tuesday evening to Wednesday morning. I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent williamchurch09 guided me and help me make a living through bitcoin with my coinbase app, I recommend you to meet him now and also be a beneficiary of good work Why are Matshela Koko and Brian Molefe not yet behind bars for the mess they left behind at Eskom Eskom must normalize to have zero loadshedding for 12 months!
Source: TimesLIVE - 🏆 28. / 59 Read more »
Source: BusinessTechSA - 🏆 24. / 61 Read more »
LISTEN | Load-shedding is back: Stage 2 power cuts to kick in at 9pm on MondayEskom will implement stage 2 load-shedding from 9pm on Monday to 'conserve and replenish' emergency reserves. 😩 And yet they claimed the system has recovered
Source: TimesLIVE - 🏆 28. / 59 Read more »