South Africa will miss its binding 2030 carbon emissions targets under the Paris climate agreement.
Author: Promit Mukherjee
South Africa’s hopes for a raft of new power projects to help it out of a crippling energy crisis are fading.
Four of Eskom’s 15 coal-fired power plants are breaching emissions regulations as it pushes ageing facilities to their limit.
Eskom said its transmission company will be operational by the first quarter of its 2025 financial year.
Treasury given Eskom the first tranche of a package that will wipe off more than half the utility’s liabilities.
The amount of unpaid dues municipalities owe Eskom has risen to more than R63.2-billion – and is increasing exponentially.
Nearly half of the projects awarded under the relaunch of South Africa’s renewable power purchase programme have failed.
Naspers on Tuesday reported a 78% slump in annual profit, led by a drop in the contribution from Tencent.
South Africa expects more than 5.5GW of additional renewable energy projects to come online by 2026.
MultiChoice Group said strong subscriber growth and profit elsewhere in Africa offset poor market conditions in South Africa.