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Eskom is in a death spiral – IRR 1 February 2021 - "Eskom wants South Africans with solar panels to pay more for electricity" – this is a cry for help from a power monopolist in a utility death spiral. "Eskom wants South Africans with solar panels to pay more for electricity" – this is a cry for help from a power monopolist in a utility death spiral. A utility such as Eskom enters into a death spiral when customers use less of its product. The utility then raises prices to recoup the revenue lost through lower sales volumes. The higher prices incentivise more customers to use less of th...

What 14 years of load shedding taught us about centralisation - Fin24 29 January 2021 - I was startled to discover that we are now entering the 14th year of load shedding. You may remember the chaos that erupted in late 2007 when South Africans faced rolling blackouts for the first time: robots stopped working, the streetlights went out, and peak-hour traffic became a nightmare at night-time. I was startled to discover that we are now entering the 14th year of load shedding. You may remember the chaos that erupted in late 2007 when South Africans faced rolling blackouts for the first time: ro...

Letter: Blade Nzimande muddies the prescribed asset pool - Businesslive 13 January 2021 - At its 2017 national conference the ANC put prescribed assets on the table. The notion was to force financial institutions to invest a share of their savers’ funds in projects handpicked by the government to fund “public infrastructure, skills development and job creation”. At its 2017 national conference the ANC put prescribed assets on the table. The notion was to force financial institutions to invest a share of their savers’ funds in projects handpicked by the government to fund “public inf...

Over a 26-year period, most new dietary ingredient notifications were met with objections from FDA, government data shows. Since the mid-1990s, FDA has objected to most new dietary ingredient notifications (NDINs) for one reason or another. This past fiscal year was no different. In FY20, filed 27 objection letters to NDINs and acknowledged 16 notifications without objection, reflecting an acknowledgement rate of 37.2%, FDA data shows. Steven Tave, director of FDA’s Office of Dietary Supplement Programs, reminded industry during a 2019 public meeting that “an effective NDI notifica...