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September 2019
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Posts Tagged ‘Eskom’
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July 3, 2019

Municipal rates increase: Hikes for Cape Town, Joburg, Durban, others from 1 July

It’s the start of a new month for South Africans, but they are being faced with the same old story: The cost of living is increasing, even if our wages aren’t. Municipal rates across the country are going up on Monday 1 July, and the changes will affect millions in Cape Town, Johannesburg, Durban and many other city-dwellers.

Cost of living on the rise

Of course, the term “tariff hike” has become synonymous with Eskom. Their plans to start charging residents more came to fruition on Monday as well. But they aren’t the only ones: We’re here to give you a brief overview of where municipal rates are going up, and how much more you’ll have to fork out.

Municipal rates increase [...]
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April 25, 2019

South Africa brings forward Eskom bailout to avert default

South Africa’s government has had to bring forward the bailout of state power firm Eskom, after it rushed R5-billion to the struggling utility earlier this month to avert a default and said more cash could be needed soon.

Eskom supplies more than 90% of electricity in Africa’s most advanced economy but is grappling with cashflow problems and a debt mountain which it is struggling to service.

The government in February promised Eskom a R23-billion a year bailout over the next three years, but it only expected to start giving the cash-strapped utility the first tranche of funds between August and October this year.

But by the end of March, Eskom was [...]

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April 23, 2019

Load-shedding may cut growth close to zero, SARB says

South Africa’s power cuts could bring economic growth for the year close to zero if they continue at the same severity seen in March, the South African Reserve Bank (SARB) said.

The wave of rolling blackouts that started in November and are among the worst the country has yet experienced could knock 1.1 percentage points off economic growth, the Reserve Bank said in its Monetary Policy Review released Wednesday in Pretoria, the capital. Expansion of close to zero would be the worst outcome since 2009, when former President Jacob Zuma came to power.

The nation’s embattled power utility, Eskom Holdings, implemented so-called Stage 4 load-shedding, which removed about 10% [...]

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July 16, 2018

RENEWABLE ENERGY GIVES POWER AND JOBS TO CLANWILLIAM

The Western Cape town of Clanwilliam’s first retail shopping centre to be opened on Thursday is an example of how renewable energy is aiding economic development in small towns with limited access to the national grid, an energy company executive said on Wednesday.

SOLA Future Energy installed a solar photovoltaic system providing the additional power for the Cedar Mill Mall that state-owned power utility Eskom could not supply.

Eskom indicated that it was able to supply only 250 kVA of continuous power due to constraints on the grid, while the mall’s developers, Noble Property, needed at least 500 kVA to get the project off the ground.

“The solution was to [...]

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