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You are here: Home / Archives for Energy

Energy

16 May 2024

The BBC Congratulates Eskom For Achieving An Energy Availability Factor (EAF) Of 70.78%

Location: MyPR

Johannesburg,  16 May 2024: The Black Business Council (BBC) applauds the ESKOM Board ably led by Chairman Mteto Nyati, Management lead by GCEO Dan Marokane, Group Generation led by Bheki Nxumalo as Group Executive and all employees on improving the Energy Availability Factor (EAF) to 70.78%, “a milestone last achieved nearly three (3) years ago. This …

Read moreThe BBC Congratulates Eskom For Achieving An Energy Availability Factor (EAF) Of 70.78%
15 May 2024

Approval granted to reopen Lily and Barbrook mines

Location: News

Approval granted to reopen Lily and Barbrook mines

The Department of Mineral Resources and Energy (DMRE) has approved Section 11 of the Mineral and Petroleum Resources Development Act (MPRDA) of 2002 for Vantage Goldfields to resume operations at Lily and Barbrook gold mines in Mpumalanga.

Lily Mine is the site of the 2016 tragedy where three mineworkers were trapped underground in a container following a fall of ground accident. They lost their lives and their bodies were never been retrieved.

The three miners were Solomon Nyirenda, Pretty Nkambule and Yvonne Mnisi.

“The company is expected to sink a decline/shaft to gain access to the underground workings to retrieve the container and the three missing employees at Lily mine,” the department said.

The reopening of the mine was announced following an engagement session between Mineral Resources and Energy Minister Gwede Mantashe and stakeholders representing Vantage Goldfields, Lomshiyo Traditional Council, the Business Rescue Practitioner, organised labour, and government leaders.

During the session, Mantashe warned that the reopening is not a time for celebrations.

“[We] all agree that at the centre of our work is to re-open Lily mine, retrieve the bodies and bring closure to the affected families and fellow mineworkers.

“Despite the approval of the section 11 which paves the way for the re-opening of the mines and retrieval of the containers, this is not the time for celebrations, but the time for us to put more efforts and ensure that the mines re-open in the shortest possible time.”

The department said operations may resume later this year.

“All stakeholders, including representatives of the Lomshiyo Traditional Council; the Association of Mineworkers and Construction Union (AMCU); and the Congress of South African Trade Unions (Cosatu) expressed full support and confidence in the efforts to reopen the mines as these will create the much need jobs in the Liouville community.

“The business rescue process is expected to be completed by end of July 2024, after which the operations may resume,” the department said. – SAnews.gov.za

 

NeoB
Wed, 05/15/2024 - 15:04

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Read moreApproval granted to reopen Lily and Barbrook mines
15 May 2024

10 Tips On How To Deal With Burnout At Work

Location: MyPR

Affinity Health, a leading provider of high-quality health cover, explores 10 tips on how to deal with burnout at work. “Burnout at work is a common phenomenon with South Africa particularly known for its workaholic mentality,” says Murray Hewlett, CEO of Affinity Health. “High demands, tight deadlines, and long hours – all while juggling family …

Read more10 Tips On How To Deal With Burnout At Work
14 May 2024

30 years of democracy: The electrification of South African households

Location: News

30 years of democracy: The electrification of South African households

Despite a myriad of challenges – both present and past – along the way, the South African government through Eskom and municipalities has made great strides towards achieving universal access to electricity in the country.

This came out during a roundtable on the electrification programme since 1994 hosted by the Government Communication and Information System (GCIS).

According to the Eskom website, in 1987, fewer than 13 million people had access to electricity with the vast majority of that access servicing white households – leaving other population groups reeling in the dark.

At the dawn of democracy in 1994, Parliament endorsed a plan to create universal access to electricity – defined at some 97% due to population growth and challenges related to the formalisation of informal settlements.

This charged government’s wholesale plan to electrify homes. Now, access to electricity in South Africa today is at least 94% according to Statistics South Africa.

Director Project Monitoring and Intergovernmental Relations at the Department of Mineral Resources and Energy, Lufuno Madzhie, said the electrification programme has thus far, been a success.

“[During 1994 to 1998] Eskom and municipalities only electrified 2.5 million households. In 2001, then government decided this [electrification] programme needs to reside within the Department of Mineral Resources and Energy [DMRE]. Through us as the department, working with different stakeholders, we have achieved a lot with regard to this electrification programme.

“Through this programme, the department has achieved a huge milestone. Currently, we have electrified over 8.3 million households,” he said.

Eskom’s Pozisa Njezula emphasised how access to electricity improves the welfare of households and explained how Eskom contributes to facilitating access for hard-to-reach rural areas.

“[It allows for the] improving on safety where we no longer have to use candles and paraffin stoves. It improves on convenience where we no longer have to collect wood to cook and also, in terms of improving on education where kids can study at night.

“With…us now pushing towards universal access, the challenge that we are now faced with is that we now have to reach the far-flung areas. The far corners in all the rural areas. With the support from the DMRE, as Eskom we have started and embarked on the rolling out of micro grids for those far-flung areas where you may not be able to get grid electricity because of losses as well as the amount of money that you would have to spend to get to those areas.

“The [micro grid] is just a container, it has solar panels, it has got batteries and then you’ve got the reticulation network. When you get to a certain area, you electrify it off grid and those people benefit,” she said.

Challenges and solutions

Njezula bemoaned that although the electrification programme is going full steam ahead, the power utility faces serious and dangerous challenges when going into communities.

“We are not immune as Eskom to the crime [and] extortion in our project sites. In South Africa, with almost all the projects that are being undertaken, there’s reports of these extortions and these demands for certain amounts of money, for protection fees and so forth.

“That delays the progress in our projects, and it really puts the lives of our employees as well as our contractors in danger. In some instances, we have to leave site, we need to be escorted, we need protection,” she said.

Head of energy and electricity distribution at the South African Local Government Association, Nhlanhla Ngidi, described South Africa’s electrification plan as a “moving target”.

“In terms of access itself, at 94%, I think it’s very important that people understand because this is a moving target. In a year’s time, you could find this being below 94% and it’s because of all these challenges…people moving towards where the economy is more active.

“Municipalities have done quite well but with the capacity challenges we have, we still need municipalities to be assisted and government needs to put in place agencies that can come in and be catalysts in terms of the implementation of the programme,” he said.

Energy expert, Chris Yelland, agreed that access to electricity has improved but warned that affordability remains a blockage to some households.

“[There] are some technology developments that require that we look at these distant rural customers. The first thing of course is renewable energy. The price of renewable energy…has come down dramatically over the last ten years. This is now opening the doors to renewable energy for remote households that never existed ten years ago.

“There’s a lot to celebrate in electrification [but] there’s a lot to do about affordability. We are not there yet. We need to understand where we come from, where we are and where we’re going and for that we need data…so that we know where we are and where we’re going” he said. – SAnews.gov.za

 

NeoB
Tue, 05/14/2024 - 14:06

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Read more30 years of democracy: The electrification of South African households
14 May 2024

Park Lines BMX Tournament rolls into Gold Reef City for the 2024 BMX Freestyle South African Champs. 

Location: MyPR

Park Lines BMX Tournament rolls into Gold Reef City for the 2024 BMX Freestyle South African Champs.  Johannesburg, South Africa, 9 May 2024 – A new style of ride, the Park Lines BMX Tournament – official 2024 South African BMX Freestyle Championships, is coming to the iconic Gold Reef City Theme Park on 2 June. It is …

Read morePark Lines BMX Tournament rolls into Gold Reef City for the 2024 BMX Freestyle South African Champs. 
14 May 2024

Workers march against looming retrenchments at Sibanye-Stillwater

Location: News

Unions call for resignation of top management and the CEO Neal Froneman

Read moreWorkers march against looming retrenchments at Sibanye-Stillwater
13 May 2024

Eskom breaches ‘psychological mark’ of 70% Energy Availability Factor

Location: News

Eskom breaches ‘psychological mark’ of 70% Energy Availability Factor

Eskom has achieved an Energy Availability Factor (EAF) of some 70.78% - a feat last achieved nearly three years ago.

This is according to Minister in The Presidency responsible for Electricity, Dr Kgosientsho Ramokgopa, who was briefing media on the implementation of the Energy Action Plan on Monday.

The power utility has suspended load shedding for more than a month.

“As I stand before you today, the Energy Availability Factor of Eskom has breached the 70% mark. That’s significant. The last time we achieved this was in August 2021.

"The month-to-date statistics suggest that we are at 64.34% and the year to date we are at 59.92%. But we have breached the psychological mark of 70% as a result of this consistent performance.

“This has happened over a period of time. It stretches from the appointment of [the current Eskom] board in October 2022. It gets to be codified in the Energy Action Plan unveiled by President Ramaphosa [in] July 2022, the appointment of the Minister in The Presidency responsible for Electricity, the stabilisation of the management team, the introduction of performance related incentive bonuses and the isolation of critical stations that required attention,” he said.

WATCH | 

 

The Minister reflected that as the country was plunged into higher stages of load shedding as a result of heightened and extensive maintenance and other factors, government argued that "the short-term pain would be eclipsed by long-term gains".

“The aggressive maintenance-led recovery plan is beginning to yield fruits. When we went into December 2023, transitioning into January 2024, we reached the highest levels of planned maintenance in the period of three years. We took out 18% of the total generating capacity into planned maintenance and these units are coming back."

Ramokgopa said as a result of the improved performance of Eskom’s coal fleet, the power utility is less reliant on the Open Cycle Gas Turbines (OCGTs), which consume diesel.

“What we are told in the public domain…[is] that the result of this improvement is on the back of the burning of diesel. There could be nothing further from the truth. This is anchored by these machines that are at Kusile and many other power stations.

“The load factor of the OCGT [has decreased] from what was previously 19.13% to now what is 6.8%. So we have reduced it by about 13 percentage points. What anchors this recovery is the performance of these coal fired power stations,” Ramokgopa said.

The Electricity Minister warned that although there has been noteworthy improvement, more work must be done to resolve the energy challenge in its entirety.

“We need to ensure sure that we bring other power stations to the levels of [best performers] Kusile, Lethabo, Majuba and Medupi so that across the entire fleet, when you use station by station, we should be above 70%.

“Of course we don’t congratulate a fish for swimming because it must swim but we know where we come from. So I want to say to the [Eskom] team, thank you for breaching the 70% EAF… but we know that there are power stations that require attention going into the future,” Ramokgopa concluded. – SAnews.gov.za

NeoB
Mon, 05/13/2024 - 11:13

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Read moreEskom breaches ‘psychological mark’ of 70% Energy Availability Factor
13 May 2024

The Integration of Smart Switches and Electric Window Treatments

Location: MyPR

Introduction In the realm of home automation, the fusion of technology and convenience has transformed the way we interact with our living spaces. Smart switches and electric window treatments are at the forefront of this revolution, offering homeowners a seamless way to enhance both the functionality and aesthetics of their homes. This article explores the …

Read moreThe Integration of Smart Switches and Electric Window Treatments
13 May 2024

One Day to Go: Invest in African Energy (IAE) 2024 Forum Prepares to Kick Off

Location: News

Energy Capital & Power
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The second edition of the Invest in African Energy (IAE) forum will kick off on Tuesday, May 14 in Paris, uniting the African and global energy industry for two days of discussions, networking and deal-making opportunities.

The two-day forum has confirmed the participation of African energy ministries, NOCs, service providers and regulators from Angola, Egypt, Equatorial Guinea, Gabon, The Gambia, Guinea-Conakry, Ivory Coast, Morocco, Nigeria, Republic of the Congo, Sierra Leone, Senegal and South Africa. These target markets will showcase key projects open to private sector participation – including licensing rounds, farm-in opportunities and more – through technical presentations, country-specific sessions and regional market spotlights. A highly anticipated ministerial panel on Day 2 will map Africa's path in the just energy transition, amid shifting energy priorities and global environmental policies.

IAE 2024 is an exclusive forum designed to foster collaboration between European investors and African energy markets. Taking place May 14-15, 2024, in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors, and policymakers. For more information, please visit www.Invest-Africa-Energy.com.

The event has also attracted the attention of global investors, bringing together operators, exploration and production companies, technology and service providers, development finance institutions, multilateral banks, investment platforms and trade and development organizations from the Middle East, Europe, the U.S. and Asia. IAE 2024's international, high-level attendance speaks to sustained interest in developing Africa's energy resources for enhanced energy security on the continent and across the globe. A series of panel discussions will explore future proofing Africa's gas and LNG industry; creating opportunities in Africa's energy system; financing African renewable energy projects; unlocking midstream and downstream investment; new opportunities in key growth markets; and more.  

“IAE 2024 is set to be the premier African energy project showcase taking place outside of the African continent. We invite energy industry stakeholders to register and attend the forum – kicking off tomorrow – as we look forward to two productive days of deal-making and discussions in Paris,” says Sandra Jeque, Event & Project Director at Energy Capital & Power, forum organizers.

Distributed by APO Group on behalf of Energy Capital & Power.

Read moreOne Day to Go: Invest in African Energy (IAE) 2024 Forum Prepares to Kick Off
13 May 2024

A Guide to Supplements and Diet Plans for Weight Loss

Location: MyPR

Introduction Embarking on a weight loss journey can be daunting, yet with the right tools and information, it becomes a manageable endeavour. This guide will explore various supplements and dietary plans that could assist in achieving your weight loss goals. We’ll delve into the roles of collagen powder, weight loss pills, meal replacement shakes, and …

Read moreA Guide to Supplements and Diet Plans for Weight Loss
12 May 2024

Labour dept institutes strict controls for service providers

Location: News

Labour dept institutes strict controls for service providers

Employment and Labour Minister Thulas Nxesi has warned service providers linked to the Labour Activation Programme (LAP) that they will not be paid without their performance being checked.

“The department expects delivery, compliance with contractual obligations, professionalism, quality work, measurable outputs and impactful interventions from you,” said Nxesi while delivering his keynote address at the Labour Activation Programme launch in Kimberley, Northern Cape, on Friday.

Nxesi said the department has employed systems and processes to monitor the performance of LAP service providers. 

This comes after eight LAP service providers accepted and signed a pledge to provide training to 23 070 young people in the Northern Cape.

The training, with a budget of R558 million, will focus on sectors including agriculture, construction, hospitality, security, energy, call centres, and new venture creations. 

Nxesi said the department has also been focusing on reconfiguring, along with its entities, to strengthen and improve effectiveness. 

“We are currently implementing the recommendations of an independent review of the Unemployment Insurance Fund and the Compensation Fund, focusing on strengthening service delivery and innovation, and developing effective and efficient business processes and systems.

“This includes an established project management office to monitor projects, enforce contracts and evaluate outcomes,” Nxesi said.

After the LAP launch, Nxesi visited a Jobs/Careers Fair -- also hosted by the department -- at Galeshewe Stadium. 

The event was attended by scores of work seekers from nearby communities. 

IMAGES | Jobs Fair @Galeshewe Stadium

Jobs/Careers Fair @ Galeshewe Stadium, Northern Cape. Jobs/Careers Fair @ Galeshewe Stadium, Northern Cape. Jobs/Careers Fair @ Galeshewe Stadium, Northern Cape.

Nxesi advised job seekers to use their mobile phones to register on the department’s Employment Services of South Africa database, and to apply for LAP opportunities when they are advertised. 

The Minister also advised job seekers to be aware of unscrupulous and bogus employers advertising fake opportunities.

He also urged them to report unscrupulous recruitment agencies, who charge job seekers a fee for employment opportunities, to the department and the South African Police Service. – SAnews.gov.za

GabiK
Sun, 05/12/2024 - 08:28

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Read moreLabour dept institutes strict controls for service providers
10 May 2024

No lack of investor confidence in SA – Minister Ntshavheni

Location: News

No lack of investor confidence in SA - Minister Ntshavheni

Minister in the Presidency, Khumbudzo Ntshaveni, has reiterated government’s stance that “there are no investors leaving" the country in droves.

This as some media reports stated earlier this month that Shell  is leaving South Africa after operating in the country for over 100 years.

The Minister was speaking on the sidelines of the Presidential District Development Model (DDM) Imbizo held at Kuruman in the Northern Cape on Thursday.

“There are no investors that are leaving the country in droves. You are dealing with commercial transactions which companies look at. One company comes out, another one comes in.

“[There was] a story that VW was leaving South Africa. VW just reinvested R4 billion preparing for a new line of auto-manufacturing vehicles that are coming in 2027 to 2029. So, it’s commercial transactions that happen globally. Every business looks at their own opportunities and says what’s in their own interest and it doesn’t mean it’s a reflection on the investor confidence in the country,” she said.

The Minister said investments “continue to flow into this country” – citing the Boegoebaai green hydrogen project as an example.

“I could churn out the numbers that are invested. The President has mentioned Boegoebaai. There are international investors that have partnered with us on Boegoebaai and there are South African companies themselves.

“What’s important is when your own businesses invest in your own country – that’s most significant than anything else because it shows the international community that we have confidence,” she said.

In the State of the Nation Address (SONA) earlier this year, President Cyril Ramaphosa highlighted that green hydrogen and electric vehicle manufacturing are receiving particular attention.

“We are going to set up a Special Economic Zone in the Boegoebaai port to drive investment in green energy. There is a great deal of interest from the private sector to participate in the boom that will be generated from green hydrogen energy projects,” the President said at the time.

Load shedding and logistics

Addressing the challenge of load shedding and the issues in freight rail to businesses, Ntshavheni said government is steadily working on those challenges.

“Three months ago, the media was saying load shedding is making sure that investors leave but we have handled load shedding up to where we are [more than a month without load shedding].

“There are notions that we are burning diesel. We are not burning diesel. Eskom has told us that they are switching off some [generating units]. They are putting some in maintenance early because we’ve got excess power.

“We have been dealing with the logistics issue with Transnet in Durban in particular and they are back on speed in terms of the backlog that they faced. So, there is no lack of investor confidence in our country.

“In terms of the World Bank, we are still rated the largest economy in Africa…and we compete with other countries toe to toe in terms of attracting investments,” Ntshavheni concluded. – SAnews.gov.za

 

NeoB
Fri, 05/10/2024 - 09:37

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Read moreNo lack of investor confidence in SA – Minister Ntshavheni
10 May 2024

NERSA approves Sasol Gas application

Location: News

NERSA approves Sasol Gas application

The National Energy Regulator of South Africa (NERSA) has approved Sasol Gas (Pty) Ltd.’s application for a maximum price of gas for the period 1 July 2024 to 30 June 2025.

The Energy Regulator said the maximum gas price is expected to facilitate the achievement of the policy imperatives contemplated in the Gas Act’s objectives.

“Sasol Gas applied for a maximum price determined on the basis of a ‘cost-plus’ principle set out in the 2023 Methodology. The effective date of the approved maximum prices of gas will be 01 June 2024. The approved maximum prices of gas will remain effective until the date of approval of other maximum prices by the Energy Regulator,” NERSA on Friday.

The application for a maximum price of gas has been approved as follows:

  • Maximum price of gas of R84/GJ per annum for end-user customers for the period 1 July 2024 to 30 September 2024;
  • Maximum price of gas of R79.80/GJ per annum for Traders and Resellers of gas for the period 1 July 2024 to 30 September 2024 and that a minimum of 5% discount from a maximum gas energy price be provided to traders and resellers;
  • The quarterly adjustment of the maximum price with a three-month lag in its implementation until 30 June 2025.

“The approved maximum price is exclusive of VAT. NERSA's decision implies that the maximum price level approved is fair and reasonable, after it has taken into consideration the provisions of the Gas Act of 2001 and the associated regulations,” the Energy Regulator said.

The detailed decision and reasons for the decision document regarding the above decision is available on the NERSA website at www.nersa.org.za. –SAnews.gov.za

 

nosihle
Fri, 05/10/2024 - 14:11

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Read moreNERSA approves Sasol Gas application
10 May 2024

The Critical Role of Plant and Machinery Valuations Across Diverse Industries

Location: MyPR

Introduction   Plant and machinery valuations are pivotal in providing businesses across various sectors with accurate and actionable financial insights. These valuations help organisations assess the value of their physical assets, supporting strategic decision-making concerning investment, asset management, and compliance with financial and tax regulations. From agriculture to technology, the application of precise valuation techniques …

Read moreThe Critical Role of Plant and Machinery Valuations Across Diverse Industries
10 May 2024

Can Giving Up Alcohol Improve Fertility?

Location: MyPR

Affinity Health, a leading provider of high-quality health coverage, explores whether giving up alcohol can improve fertility. “The question of whether giving up alcohol can improve fertility is a topic of growing interest among individuals and couples hoping to conceive,” says Murray Hewlett, CEO of Affinity Health. “While numerous factors influence fertility, lifestyle choices can …

Read moreCan Giving Up Alcohol Improve Fertility?
10 May 2024

President Ramaphosa reiterates government’s commitment to service delivery

Location: News

President Ramaphosa reiterates government's commitment to service delivery

President Cyril Ramaphosa has assured citizens that government remains committed to delivering services and addressing their challenges.

The President was speaking during the District Development Model (DDM) Presidential Imbizo held in Kuruman in the Northern Cape on Thursday.

The DDM Presidential Imbizo programme presents a platform for communities to lay out the challenges they face to the President, his Cabinet and provincial and local government.
 

VIEW | Scenes from the Northern Cape DDM Presidential Imbizo

     

“We don’t want you, our people, to lose hope. Government is working in a very focused manner to address the issue of education and health. We are focusing on various industries, industries that are important for your progress like mining and renewable energy.

“Those are some of the key industries that we are focusing on. We are also focusing on spreading the skills base. That is why training is going to happen here… The public employment programme is going to create more job opportunities.

“With that, we should be filled with hope and confidence that in the course of time, we will be addressing some of the issues that you have raised here,” he said.

During the imbizo, residents told of challenges, including a lack of access to water, educational and vocational training facilities for youth, housing challenges and crime related issues.

READ | Communities eager to see and listen to President Ramaphosa

Speaking to the media on the sidelines of the imbizo, President Ramaphosa acknowledged that the challenges the residents face are enormous but vowed that government will address them.

“As an administration, we have sought to fulfil and address those needs and we will continue to do so. They were huge from 1994 and we have done a lot to address many of those needs. The needs of our people will continue but we will continue working very hard to address those needs.

“But what is good is that the people have the freedom and the opportunity to raise their concerns, and as they raise their concerns, we are much more encouraged to address those concerns. It’s important that we should get to hear how our people are living, and what they are experiencing.

“This is a great opportunity for us to do more and to do more together, with our people,” he said.
 

IMAGES | Northern Cape imbizo in pictures

The Department of Human Settlements stall at the Northern Cape imbizo. The SANDF stall at the Northern Cape imbizo. President Ramaphosa addresses communities gathered at the Northern Cape imbizo.  

There have been at least 13 Presidential izimbizo held throughout the term of the sixth administration, touching tens of thousands of people who interacted with all three spheres of government.

The Northern Cape Presidential imbizo is expected to be the last to be held for this term.

READ | District Development Model Imbizo kicks off in the Northern Cape

“A lot of people were very enthusiastic to raise their views and raise questions. The engagement with the community I always find it very rich, very empowering as well. We have been able to follow up on a number of issues that have been raised at our izimbizo.

“In a way, we saved the best for last. This is the imbizo that really tops everything and closes off the sixth administration,” President Ramaphosa said. – SAnews.gov.za

NeoB
Thu, 05/09/2024 - 17:04

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Read morePresident Ramaphosa reiterates government’s commitment to service delivery
9 May 2024

Remote Namaqualand diamond town battles dust and neglect

Location: News

Mine told to fix the pollution problem

Read moreRemote Namaqualand diamond town battles dust and neglect
9 May 2024

The Rise of Smart Homes in South Africa

Location: MyPR

Introduction    In recent years, South Africa has witnessed a significant transformation in the residential sector through the integration of smart home technology. This evolution is not just about luxury or an upscale lifestyle; it’s about enhancing daily living through convenience, security, and energy efficiency. Smart home systems have become increasingly accessible, allowing more homeowners …

Read moreThe Rise of Smart Homes in South Africa
9 May 2024

Public-private partnerships essential to unlock SADC opportunities

Location: News

Public-private partnerships essential to unlock SADC opportunities

Public-private partnerships (PPPs) are essential to unlock economic opportunities presented by the African Continental Free Trade Area (AfCFTA) in the transport and logistics industry for the movement of goods across the continent, says the Development Bank of Southern Africa (DBSA).

“Collaboration between the private sector and government is key to unlocking opportunities. For instance, the Lobito Railway Corridor is a brownfield project, where the private sector identified the opportunity and partnered with government,” DBSA Senior Deal Originator Bongo Bacela said on Thursday.

The Lobito Corridor project entails the construction of almost 350 miles of rail line in Zambia, along with hundreds of miles of feeder roads, linking the southern part of the Democratic Republic of the Congo (DRC) and the northwestern part of Zambia to regional and global markets via Angola’s Port of Lobito.

The Lobito Corridor ushers in myriad new opportunities for economic growth and development that will unlock the region’s commercial competitiveness. This infrastructural investment is a powerful catalyst for the establishment of small businesses along the railway transport routes, fostering local economic growth.

“They [Zambia] entered into a concession agreement because the State-owned enterprise that was running the line was struggling to run it in an efficient manner, so given the experience and the knowledge of the industry by the private sector, they entered into a concession agreement with government.

“We believe that there will be economic opportunities that will be unlocked, traffic will be higher, both the DRC and Angola will benefit from a tax point of view. Jobs will be created and the whole world will benefit from the minerals that will be transported on the corridor," Bacela said.

The bank is involved in a number of transport corridors in the Southern African Development Community (SADC) region.

"We are involved in these projects because we understand the region needs regional integration to promote trade amongst the countries in Africa so we can achieve our developmental goals as the continent and improve economic activity between the various countries in the region.

“Without these [projects], there is now way that the countries can promote trade if we don’t improve our transport infrastructure in the transport sector,” Bacela said during a webinar hosted by the Department of Trade, Industry and Competition (the dtic) on Thursday.

The bank is involved in the financing of the Lobito Railway Corridor, together with an American Development Finance Institution.

“We are looking to provide funding to the tune of up to $200 billion. We see this as an important corridor because of the minerals that are coming out of the DRC mines that must be evacuated and exported to markets such as China and the United States

“Our interest is mainly around some of the transition minerals such as lithium and some rare earth minerals that are coming from mines in the Zambia and the DRC,” Bacela said.

The DBSA is a government-owned development finance institution mandated to promote economic growth as well as regional integration for sustainable development projects and programmes across the African continent.

It finances infrastructure projects in six sectors, namely, transport and logistics; Information and Communication Technologies (ICT); water and sanitation; energy, and social housing.

“Government cannot succeed without the private sector and the private sector cannot succeed without government because governments will have to issue licences and permits that are required for the private sector to operate the infrastructure,” Bacela said.

He cited regulations, skills shortage, funding shortages and the currency mismatch as some of the challenges that the transport and logistics sector experience in the region. – SAnews.gov.za

nosihle
Thu, 05/09/2024 - 13:47

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Read morePublic-private partnerships essential to unlock SADC opportunities
9 May 2024

DMRE hosts Battery Energy Storage bidders’ conference

Location: News

DMRE hosts Battery Energy Storage bidders' conference

The Department of Mineral Resources and Energy will today host a bidders' conference in respect of Battery Energy Storage (bid window 3) under the Independent Power Producer Procurement Programme (BESIPPPP).

The department launched a third Request for Proposal (RFP) under the Independent Power Producer Procurement Programme (IPPPP), calling for the procurement of 616 MW of new generation capacity from battery energy storage technologies.

“The third battery energy storage bid window calls for 616 MW (2464 MWh) battery energy storage capacity and ancillary services in line with the power system service requirements as set out by the system operator. The procurement round will procure five storage facilities that are located within the Free State province,” said the department.

The new bid window was released on 28 March 2024 in accordance with the Ministerial Determinations made under the 2019 Integrated Resource Plan (IRP2019).

“In support of this significant milestone in the IPPP programme, and to engage with potential bidders and other energy sector stakeholders, the Department of Mineral Resources and Energy (DMRE), and the Independent Power Producers Office, will host a virtual bidders' conferences on Thursday, 9 May 2024,” said the department.

The conference will allow all stakeholders to engage with members of the DMRE and IPP Office on queries or clarification questions in relation to the released RFP.

Hosted on an e-platform, it further aims to provide more information on the qualifying criteria and bid submission requirements.

The conference is open to any interested parties of the BESIPPPP BW3 Programme. Stakeholders can register at the following link: conference registration.

Further queries can be sent to events@ipp-projects.co.za or query@ipp-storage.co.za. – SAnews.gov.za

 

Janine
Thu, 05/09/2024 - 09:42

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Read moreDMRE hosts Battery Energy Storage bidders’ conference
9 May 2024

The Environmental Impact of Disposable Coffee Cups: A Shift Towards Sustainable Solutions

Location: MyPR

In our fast-paced world, convenience often trumps sustainability. One glaring example of this is the widespread use of disposable coffee cups. While these cups offer a convenient solution for our on-the-go caffeine fix, their impact on the environment is significant and concerning. In this article, we’ll delve into the environmental issues posed by disposable coffee …

Read moreThe Environmental Impact of Disposable Coffee Cups: A Shift Towards Sustainable Solutions
9 May 2024

Coal mine accused of making “manifestly scurrilous” allegations against opponents

Location: News

A coalition against mining in the Mabola Protected Environment want “scandalous” and “irrelevant” claims struck from court record

Read moreCoal mine accused of making “manifestly scurrilous” allegations against opponents
8 May 2024

Putting Clients First: Centurion Law Group Rebrands as CLG

Location: News
CLG

Pan-African legal and business advisory group Centurion Law Group has officially rebranded to CLG (https://CLGGlobal.com), underscoring a firm-wide commitment to innovation and growth. The rebrand aligns closely with the firm's mission to consolidate its position as the leading legal practice and business advisor in an ever-evolving energy environment. With the rebrand, clients can expect expanded service offerings and elevated levels of excellence, as the firm moves to become the go-to legal platform for the African continent.

CLG's rebranding responds to growing client and shareholder demand for leadership in tackling complex legal issues across all energy sectors. As one of the continent's fastest-growing industries, energy is undergoing significant development and rapid change. The rebrand positions CLG to support these developments with a team of internationally-trained lawyers offering a suite of comprehensive services.

The firm's team of experienced legal professionals offers an in-depth understanding of the market and excels at navigating complex operating environments. CLG is the preferred professional services partner in Africa, equipped to offer on-the-ground support across multiple sectors.

CLG's rebranding journey is driven by several key motivations, including strategic differentiation, a more streamlined identity, global appeal and expanded service offerings. The new brand identity reinforces the firm's commitment to excellence, while signaling a fresh perspective and approach to legal services. It also provides a modern corporate identity that resonates with clients and stakeholders across diverse markets and builds broader brand recognition.

As a firm, CLG has a rich history of spearheading transformative oil and gas transactions across Africa, setting it apart as the leading law firm for the oil and gas industry. With extensive experience and deep-rooted technical expertise in the sector, CLG has a proven track record of providing top-tier legal services and strategic advice to clients across the energy spectrum. Its team has successfully guided clients through complex regulatory landscapes, contractual negotiations and large-scale transactions.

The firm's comprehensive understanding of the industry and its nuances ensures it is well-equipped to handle all legal aspects of oil and gas projects. From exploration and production to refining and distribution, CLG offers tailored solutions that address the specific needs and challenges of its clients.

Operating in several markets including South Africa, Nigeria, the Republic of Congo, South Sudan, Mauritius, Ghana, Cameroon, Equatorial Guinea, Mozambique and Germany, CLG prides itself on building lasting relationships with clients and delivering exceptional results. The firm's reputation for excellence and commitment to client satisfaction makes it the trusted choice for businesses operating in the energy sector.

CLG recently achieved several significant milestones, including securing a listing on the Open Market of the Düsseldorf Stock Exchange under Calvert International AG (CIAG). Founded in 2007, the firm has quickly established itself as a leading pan-African legal and advisory conglomerate, dedicated to providing innovative and strategic solutions to clients across the continent. With a focus on excellence, integrity and client satisfaction, CLG has played a central role in driving the growth and success of its clients in an ever-evolving business environment.

The firm's positive track record serves as a cornerstone for future success, and the CLG rebrand marks a pivotal moment in its journey, symbolizing a strategic shift towards greater success, resonance and impact within the global legal and business landscape. This transformation is not only cosmetic, but also underscores CLG's commitment to serving as a modern, dynamic and global-minded legal, business and tax partner.

“While we are proud of our accomplishments, our sights are set on the future, driven by an unwavering commitment to adapt, innovate and position our company for continued growth and success in an ever-changing business environment. CLG stands resolute in our dedication to meeting the evolving needs of our clients and enhancing the scope and quality of our services,” stated CLG CEO Zion Adeoye.

“The rebranding to CLG signifies a new chapter for our clients as we enhance our focus on delivering exceptional legal, tax and business advisory services. Our clients can expect a more streamlined and impactful experience, backed by our unwavering commitment to their success,” Adeoye added.

Visit CLG's new website at https://CLGGlobal.com. 

Distributed by APO Group on behalf of CLG.

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Read morePutting Clients First: Centurion Law Group Rebrands as CLG
8 May 2024

Government committed to resolve SA challenges

Location: News

Government committed to resolve SA challenges

While government has made significant progress in improving the lives of its citizens in the past 30 years, President Cyril Ramaphosa has acknowledged that for millions of South Africans, the promise of 1994 has not yet translated into a meaningful change.

“That is why we must, and we will, continue to work in earnest to resolve the challenges that are holding back our progress,” the President said on Wednesday in Pretoria.

Addressing the launch of the 30 Year Review Report, he said there is room for improvement in growing the economy, addressing unemployment, poverty, inequality and underdevelopment.

The 30 Year Review Report reflects on the work the country has collectively undertaken to build a democratic, prosperous and free South Africa.

“We continue our efforts to overcome the energy crisis, to implement structural reforms to boost economic growth, to drive programmes that create more employment, and to improve the capacity of the state to deliver services,” Ramaphosa said.

He said the democratic breakthrough of 1994 represented both a decisive break with a painful past and an opportunity for South Africa to chart a new course.

WATCH | Launch of the of the 30 Years of Democracy Review Report in Pretoria

Strides made

“South Africa is a vastly different place compared to what it was 30 years ago. Guided by our Constitution and its Bill of Rights, successive democratic administrations have implemented progressive policies and programmes to uplift the material condition of all South Africans, particularly society’s most vulnerable,” the President said.

These policies have included the provision of basic services, housing, education, health care and social support.

“We have established a unitary, democratic state and created institutions to uphold democracy and promote accountability.

“We have an independent judiciary, a robust civil society, a free media and a clear separation of powers between the executive, legislative and judicial branches of government.

“We have advanced transformative policies to change the racial and gender composition of the economy and the workplace. We have implemented laws to protect workers and advance their rights.”

Government has restored land to many who had been dispossessed and has provided emerging farmers with the means to productively use their land.

Challenges

“South Africa today is a valued member of the international fellowship of nations. We pursue a progressive foreign policy rooted in advancing the African Agenda, in social justice and solidarity, and in support of multilateralism. Yet we know that still much more needs to be done.

“We are contending with slow economic growth, high unemployment, poverty, inequality and underdevelopment. What is made clear by this Review Report is that the task of consolidating our democratic gains is not just the responsibility of the state. It is a responsibility that we all share.

“Just as we stood together to overcome COVID-19, just as we have united to confront other crises, we can overcome this period of difficulty in the life of our nation together,” the President said.

He said government was to create a better South Africa, a transformed South Africa, a South Africa that leaves no-one behind.

“The story of 30 years of democracy contained in this report is an honest and critical appraisal. It presents both light and shade, both progress and challenges. It is a vital reference for anyone who wants to understand the last 30 years and for everyone who wants to look into our future.

“It is our hope and expectation that this Review Report will be studied in detail and that its findings will be applied. This 30 Year Review Report is much more than a chronicle of a changing nation.

"As we chart the path ahead for our democracy, we will look to this Report as a valuable instrument for transformation, progress and growth. Let us make this a living document that inspires, encourages and guides us as we continue to build a democratic, prosperous and free South Africa,” the President said. –SAnews.gov.za

nosihle
Wed, 05/08/2024 - 13:55

412 views
Read moreGovernment committed to resolve SA challenges
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