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Even as South Africa grapples with rolling blackouts, the president says there has been progress made in electricity generation by mining and other sectors
Steve Jobs famously said that one can only connect the dots backwards. We connect the dots on government’s economic policy since 2018. The dots tell us what has been done, not what will be done nor what has been promised. They help us to distinguish between daily headlines and longer-term trends. (I apologise in advance that this read is longer than usual – there are just too many dots!) Supportive macro-economic framework
Eskom insists that it is processing budget quotes for independent power producers (IPPs) seeking to connect to the national grid, in line with agreed timelines, and that it is making every effort to debottleneck the process so that much-needed new generation capacity can be introduced speedily. COO Jan Oberholzer indicated during a load-shedding briefing that the utility was seeking clarity from both the IPP Office and the Department of Mineral Resources and Energy regarding recent statements indicating that financial close on 25 wind and solar projects had been delayed from the end of April t...
The load shedding we are experiencing is the result of policy missteps and the impact of state capture over many years, but there is light at the end of the tunnel, writes Cyril Ramaphosa.
President Ramaphosa hopeful for Eskom's future.