State-owned electricity producer Eskom has reported that demand dropped by more than 6 000 MW on the afternoon of March 26 as businesses shut in anticipation of the start of the nationwide Covid-19 lockdown. The utility also indicated that a further re…
Eskom postpones ‘philosophy maintenance’ as it shuts units in response to drop in demand Read More »
Mining operations in South Africa are to be “scaled down significantly” during the 21-day lockdown period, particularly labour-intensive, deep-level mining activities, Mineral Resources and Energy Minister Gwede Mantashe reported on March 25. However, …
Mining to be ‘scaled down significantly’ during 21-day lockdown Read More »
Security of energy supply remains critical during the Covid-19 lockdown period, Mineral Resources and Energy Minister Gwede Mantashe reiterated on March 25. The supply of fuel to critical and essential services, as well as the supply of coal to Eskom f…
Risk of load-shedding will be low during lockdown – Mantashe Read More »
Project finance and energy specialists from a leading domestic law firm have questioned whether the timetable outlined by the National Energy Regulator of South Africa (Nersa) for providing its concurrence with two Ministerial determinations for new po…
The National Energy Regulator of South Africa (Nersa) published two consultation papers on Wednesday for two separate Ministerial determinations submitted by Mineral Resources and Energy Minister Gwede Mantashe for the regulator’s concurrence as requir…
The eventual size of Sasol’s possible rights issue – tentatively capped at $2-billion – will depend on progress the group makes in the coming months with its cash-conservation and asset-disposal programmes, initiated in an effort to reduce its $10-bill…
Size of possible Sasol rights issue hangs on asset-disposal and savings progress Read More »
Debt-laden chemicals and energy group Sasol announced on Tuesday that it could pursue a $2-billion rights issue as a “supplemental initiative” in the event that cash-conservation initiatives and asset disposals proved insufficient to reset its capital …
Sasol includes $2bn rights-issue option in plan to reset capital structure Read More »
Finance Minister Tito Mboweni stressed on Monday that, before contemplating any possible stimulus package to address the negative economic effects of the Covid-19 pandemic, all efforts should be geared towards ensuring that the already weak domestic ec…
Every effort must be made to ensure economy ‘does not grind to a halt’ Read More »
The Eskom tariff increase for 2020/21 tabled before lawmakers this week provides no scope for any further hikes this year beyond those already sanctioned for April 1 by the National Energy Regulator of South Africa (Nersa) in previous price determinati…
No immediate power tariff impact, but first court ruling portends material future hikes Read More »
Chemicals and energy group Sasol, which has seen its market capitalisation decimated in recent days as a result of a series of adverse developments, including a ratings downgrade, a big slump in the oil price and Covid-19-induced market volatility, bro…
Sasol confirms possible equity issue as it breaks silence amid massive sell-off Read More »
