South Africa is one deal away from having its own crude oil, claims DMRE deputy director-general

Banele Ginindza|Published

“We are a deal away from producing oil, we just do not need to be tentative but decisive and intentional. All of society needs to be behind this, it will change ...

SIU identifies R1bn corruption scheme involving Eskom employees

Banele Ginindza|Published

Alarmingly, 334 Eskom employees were found with financial ties to vendors, and a staggering 5,464 individuals failed to declare any conflicts of interest.

Eskom’s governance to blame for rising costs

Banele Ginindza|Published

Inefficiencies in Eskom’s governance - particularly with fruitless and wasteful expenditure, criminal conduct and lack of consequence management - has been adding ...

Reserve Bank faces pressure to recover billions lost in Steinhoff scandal

Banele Ginindza|Published

Committee Chairperson, Joe Maswanganyi said the Steinhoff investigations have not been shelved by the committee which still awaits supplementary information from ...

Nersa’s tariff decision provides little solace for consumers as Eskom’s costs escalate

Banele Ginindza|Published

Industrial Gas Users Association of Southern Africa (IGUA-SA) CEO, Jaco Human, said Eskom’s escalating electricity tariffs were accelerating the shift towards self-generation ...

South Africa navigates potential agricultural crisis as neighbours impose maize import bans

Banele Ginindza|Published

The affected crops encompass approximately 155 882 tons of white maize and 46 969 tons of yellow maize for the 2024/25 season.

Eskom faces fierce opposition over proposed 36. 1% tariff increase at NERSA hearings

Banele Ginindza|Published

At the hearing, Eskom cited the more than R90bn in municipal arrears debt, which it said was increasing at between R1bn to R1. 5bn a month.

Government to address food safety concerns as contamination cases rise

Banele Ginindza|Published

SABS spokesperson Itumeleng Mphahlele said the Standard Act of 2008 removed all regulatory powers of the SABS, so the SABS cannot conduct inspections and do regulatory ...

Eskom outlines urgent tariff adjustments amid financial pressures

Banele Ginindza|Published

These adjustments, according to Eskom’s chief financial officer, Calib Cassim, are vital for transitioning to cost-reflective tariffs amid numerous external challenges. ...

Military bodies caught in state capture cross-hairs - Holomisa

Banele Ginindza|Published

State capture inquiries are on the cards in the military space as the auditor-general prepares to present a damning report on the reasons for South Africa’s military ...

Transnet gets R140 million shot in the arm from EU’s green hydrogen purse

Banele Ginindza|Published

Transnet is set to get a R140 million shot in the arm from the about R630 million grant funding announced by the EU Commissioner for Energy towards building up South ...

Nedbank gears for fight with SIU, Transnet over alleged R2. 7bn Gupta spoils

Banele Ginindza|Published

The SIU and Transnet had announced on Friday that they were suing Nedbank for recovery of R2. 7 billion they claimed were proceeds of transactions from Transnet’s ...

SA warned to lower emissions or lose its EU export status

Banele Ginindza|Published

CBAM is a carbon tariff on carbon-intensive products such as steel, cement, and some electricity imported to the EU and legislated as part of the European Green ...

Eskom’s National Transmission Company starts trading

Banele Ginindza|Published

The National Transmission Company of South Africa (NTCSA) got off to a quiet start on Monday as a principal dealer in electricity, with questions lingering over ...

Eskom sets out R7bn spend on new transmission network

Banele Ginindza|Published

Power utility Eskom has shortlisted five contractors to supply the first batch of 26 transformers to be awarded by the end of July as it embarks on a massive project ...

Eskom up to challenges of free market, says Marokane

Banele Ginindza|Published

Eskom Group CEO Dan Marokane is confident that the power utility will be able to lead the looming electricity free market through its people and innovative strategies, ...

Eskom says dismantling of whole energy regulation is needed for fresh start

Banele Ginindza|Published

Participants largely questioned the capacity of Nersa to regulate a new market with new rules, and suggested that a technical regulator needed to be established. ...

BRICS starts off on payment system toward common currency target

Banele Ginindza|Published

Analysts said much as this was a good a starting point to develop a common currency, the reality of the currency change was far off as there were no good economic ...

Open electricity market needs cautious consumers, warn energy experts

Banele Ginindza|Published

This follows an announcement earlier this year that electricity will now be generated and sold on the open market with supply and demand factors determining tariffs ...

Nersa to defend its right to grant Karpowership generating licences

Banele Ginindza|Published

The National Energy Regulator of South Africa says it will focus on defending its case for approving energy company Karpowership’s electricity generation licences. ...

Brian Molefe not off the hook yet, says Corruption Watch

Banele Ginindza|Published

Corruption Watch has said that its withdrawal of the case against former Eskom CEO Brian Molefe was not an exoneration but a result of poor formulation of the charges ...

Business organisations say coalition negotiators have their work cut out

Banele Ginindza|Published

Organisations including Business Leadership South Africa (BLSA) and the South African Chamber of Commerce and Industry (Sacci), among others, listed as priority ...

Parliament says SA has hard choice between climate change and load shedding

Banele Ginindza|Published

Delivering the legacy report yesterday, Parliament's content adviser, Jacobus Jooste, said it was not possible to avoid load shedding without the use of existing ...

Plans afoot to raise R4 billion bailout for SA Post Office

Banele Ginindza|Published

Plans are afoot to ensure that the South African Post Office is allocated the R3. 8 billion its business rescue practitioners have said is crucial for its recovery. ...

Electricity generation and sales go to open market – Ramokgopa

Banele Ginindza|Published

Electricity will now be generated and sold on the open market with supply and demand factors determining tariffs, Electricity Minister Kgosientsho Ramokgopa said ...