The National Energy Regulator (NERSA) has rejected Eskom’s selective reopener of the third Multi-Year Price Determination (MYPD3) Open Cycle Gas Turbines (OCGTs), which would have resulted in a total price increase of 25.3% for 2015/16.

Purchases of electricity by municipalities have decreased by 4.4% between the quarters ended December 2014 and March 2015, Statistics South Africa (Stats SA) said on Tuesday.

Eskom says it is set to continue with planned maintenance during the winter months, while the power utility also dispelled prospects of a total electricity blackout.

South Africa’s economy is expected to grow by three percent by 2017 as the country has taken several steps to address the challenge of energy, says Finance Minister Nhlanhla Nene.

The cost of living in the country's economic hub will rise substantially as of July 1.

The repo rate is to remain unchanged at 5.75% per annum, the Reserve Bank said.

Stakeholders in South Africa’s construction sector continue to anxiously await the materialisation of the proposed R800-billion of public sector investment in the country’s infrastructure over the next three years.

Eskom’s newly appointed acting CEO Brian Molefe says the utility needs to find an additional 3 000 Megawatts of power in order to maintain power plants without implementing load shedding.

Eskom’s Sere Wind Farm near Vredendal in the Western Cape has achieved its full commercial operational capacity of 100MW.

In a first for South Africa, Calgro M3 is soon to launch a subsidiary that will operate completely off the national electricity grid, by generating its own renewable energy to run all aspects of the business, including that subsidiary’s administration office.

Page 6 of 21

Most Popular

University of Fort Hare construction resumes

Jun 18, 2020
Construction of UFH Student Housing
Following two months of hard lockdown, the development of a 2 047-bed student village at…

Redefine’s European logistics platform set to expand its footprint in Poland

Jun 17, 2020
Andrew Konig CEO Redefine
JSE listed diversified real estate investment trust Redefine Properties (JSE: RDF) along…

Stor-Age Property REIT continues outperforming JSE indices with healthy dividend

Jun 22, 2020
Stor Age CEO Gavin Lucas
JSE REIT Stor-Age, South Africa’s leading and largest self storage property fund,…

Heartwood Properties reports encouraging results for the period ending February 2020

Jun 18, 2020
John Whall Heartwood Properties
Encouraging financial results revealed by 4AX listed company Heartwood Properties Cape…

Atterbury Property Holdings appoints DC Kemp as Chief Financial Officer

Jun 19, 2020
DC Kemp Atterbury new CFO
Atterbury Property Holdings has appointed DC Kemp as its CFO effective from 1 July 2020.

Please publish modules in offcanvas position.