Instead of kowtowing to government, business should insist the state steps aside, the Free Market Foundation has argued.
Browsing: Eskom
The electricity crisis is a barrier to growth, destroys investor confidence and handicaps almost every economic activity.
Eskom expects to be able to suspend load shedding for a few hours this weekend.
Government expects private companies to add more than 4GW of electricity generation capacity to the grid by the end of 2024.
Eskom’s costs to run its diesel-powered units more than doubled as its fleet of coal-fired plants experienced frequent breakdowns.
Cape Town has set a record for the number of applications received to install solar power as the electricity crisis worsens.
The three recognised trade unions at struggling power utility Eskom have rejected its revised 5.25% pay rise offer.
President Cyril Ramaphosa has finally signed a proclamation transferring some powers and functions to his electricity minister.
Johannesburg’s City Power is in talks with Eskom to reduce outages in South Africa’s biggest and wealthiest city.
To be successful, the tax incentive needs to be far greater and have more of a meaningful and immediate impact on pockets.