The following Q&A was conducted by Tony Carnie, as research for an article for the JSE. Questions were provided and ITTCC/EIUG responses are below. Q1. Overall, what is the standpoint of the EIUG/ITTCC on the proposal to introduce a new Carbon Tax from January 1, as a mechanism to reduce greenhouse gas emissions? If the [...]
ALMOST 150 years after photovoltaic cells and wind turbines were invented, they still generate only 7% of the world’s electricity. Yet something remarkable is happening. From being peripheral to the energy system just over a decade ago, they are now growing faster than any other energy source and their falling costs are making them competitive [...]
Alleging anti-competitive behaviour and abuse of dominant market position. Wayne Duvenage, chairman of the Organisation Undoing Tax Abuse (Outa), says that on 17 February, Outa lodged a formal complaint, evidence and detailed submission to the Competition Commission (CompCom), alleging anti-competitive behaviour and abuse of dominant market position by Eskom, the national electricity utility of South [...]
‘Lower savings, tariff increases.’ PRETORIA – Eskom increased its planned borrowings in 2016/17 dramatically by R21.7 billion to R68.5 billion, not because it accelerated its new build programme, but due to lower net savings than earlier anticipated and lower than expected tariffs during the current tariff period that ends on March 31, 2018. This was [...]
Nersa committee in favour of tariff discounts. Eskom is expected to issue a press release on Wednesday that will unpack the negative impact a 2.2% tariff increase would have on its financial stability. This follows after energy regulator Nersa’s electricity committee on Tuesday rejected an Eskom submission motivating for a bigger increase. The committee recommended [...]
No other set of policies will be as important for SA’s ability to raise future incomes, output and employment and to compete globally as taking the right path for delivering energy. However, following the tempting money trail open to a few potential beneficiaries of energy procurement, as currently practised, is much more likely to predict [...]
New Finance Minister Malusi Gigaba insist that government's controversial nuclear-build programme will continue as planned, but that it will not be implemented recklessly. Critics of the programme, who say it has already been corrupted after the 2014 announcement that Russian nuclear agency Rosatom had already secured the rights to build new South African nuclear [...]
Local and international nuclear experts, vendors and lobbyists are gathered at the annual Nuclear Africa conference held outside Pretoria from Wednesday to Friday. Moneyweb has spoken to some key delegates and brings you interviews with them. Eskom chief nuclear office Dave Nicholls told delegates that the utility, which will lead the procurement of 9 [...]
How will we care for our coal workers as we transition to sustainability? They are people with families; they matter. And yet, their occupation is slowly expiring. Earlier this month, Eskom indicated that it plans early closure of four coal-fired power plants and that lost production will be made up from renewable sources. Stakeholders [...]
It's been given 90 days to probe Matshela Koko's liability, after a company -- Impulse International -- was awarded tenders worth around R1-billion. One of the board members at Impulse International is related to Koko -- his 27-year-old stepdaughter, Koketso Choma. Koko says he didn't know she was a director at Impulse International, even though [...]
