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<p>Join CNBC Africa for as we embark on a new series ‘Eye on OR Tambo SEZ’. This series will unpack this special economic zone in greater detail. We will speak to key individuals from the different sectors on what it takes to keep operations going during tough economic times and the plans to attract FDIs. In the first episode we explore the development of this SEZ to date.</p>


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Eye on OR Tambo SEZ EP1: Unlocking the investment potential of OR Tambo Special Economic Zone

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<p>South Africa&#8217;s Minister of Finance, Enoch Godongwana delivers one of his most challenging budget speeches amid the slowest growth rate in years and a tough election challenge for the ruling party. For post-Budget analysis, CNBC Africa brings you 2024 BUDGET INSIGHTS, unpacking the difficult balancing act required of the minister against increasing global uncertainty and fracturing world alliances.</p>


South Africa 2024 Post-Budget Insights

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<p>(Watch Full speech) &#8211; South Africa’s Finance Minister Enoch Godongwana delivers the 2024 budget speech in which he details measures to tackle government’s spiralling debt.</p>


SA Finance Minister Enoch Godongwana delivers 2024 Budget Speech

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<p>South Africa&#8217;s Minister of Finance, Enoch Godongwana delivers one of his most challenging budget speeches amid the slowest growth rate in years and a tough election challenge for the ruling party. For post-Budget analysis, CNBC Africa brings you 2024 BUDGET INSIGHT, unpacking the difficult balancing act required of the minister against increasing global uncertainty and fracturing world alliances.</p>


Post-Budget Analysis & Reactions: SA Minister Enoch Godongwana’s Budget 2024

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<p>Watch: President Cyril Ramaphosa outlines the government’s policy objectives and targets in his 2024 State of the Nation Address.</p>


President Ramaphosa delivers the 2024 State of the Nation Address (full speech)

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<p>Last week we had a conversation with South Africa’s Energy Minister, Gwede Mantashe where he spoke on deregulating the power market, and the country’s transition to cleaner energy.</p>


What the future holds for Eskom as SA moves to liberalize energy market

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<p>We all know how government’s Health department has arguably been the busiest during the pandemic, but another department that’s also been in trouble is Mineral resources and energy. Among other things, they’ve had to make sure that enough power is generated for Eskom to keep our lights on. Mineral Resources &amp; Energy Minister, Gwede Mantashe joins CNBC Africa to unpack South Africa’s energy plan.</p>


Minister Gwede Mantashe on latest developments in South Africa’s energy sector

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<p>Business Unity South Africa is among the business groups that have paid tribute to former Eskom Chair Jabu Mabuza, who died yesterday. In statement, BUSA President, Sipho Pityana said The passing of Mabuza is tragic, devastating and a great loss for business and South Africa. He joins CNBC Africa to reflect on the life of Mabuza.</p>


BUSA President

BUSA President, Pitjana reflects on the life of  Jabu Mabuza

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<p>Amid ongoing power cuts, today South Africa’s President Cyril Ramaphosa increased the threshold for electricity self-generation for companies.</p>


Ramaphosa lifts threshold for electricity self-generation

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<p>African power utilities are struggling with huge operational inefficiencies estimated at more than $3 billion annually with most of its electricity providers barely breaking even, limiting their scope for reinvestment. Where do the challenges lie? Economic Analyst, Odhiambo Ramogi joins CNBC Africa for more.</p>


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Odhiambo Ramogi: Why profitability has remained elusive for Africa’s power utilities

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<p>Metal workers union, Numsa has returned to the bargaining table with Eskom executives, as they continue with they bid for a wage increase. They are demanding, among other things, a 15 per cent wage increase, a one-year wage agreement and an end to salary disparities. They have also rubbished claims by Eskom on how much the average worker earns. Numsa Spokesperson, Phakamile Hlubi- Majola joins CNBC Africa for more.</p>


Numsa

Numsa, Eskom in second round of talks over salary increases

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<p>South Africa&#8217;s economy has not been able to realise its full economic potential, largely due to power supply challenges caused by Eskom. To improve the situation, Energy Minister Gwede Mantashe announced the winning projects for emergency power procurement. Joining CNBC Africa to unpack what this means is Daniel Zinman, Head of Power &#038; Infrastructure Sector Solutions at RMB &#038; Amith Singh, Head of Energy Finance at Nedbank.</p>


Unpacking SA’s energy plans & the role of banks

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<p>Eskom made a profit of R83 million, in the six months ended September. This is compared to a R1.9 billion loss in the previous comparable period. However, Eskom expects its performance to deteriorate in the second half of the financial year, due to lower demand in the summer season. Eskom CEO, Andre de Ruyte joins CNBC Africa for more.</p>


Eskom H1 results with CEO Andre de Ruyte

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<p>Power utilities in Africa have presented significant challenges for the continent’s economy. In South Africa, we know that Eskom has been one of the inhibitors of growth. With the transition to cleaner energy, there is now a greater need to design sustainable and agile power utilities. Ibrahima Konate, Manager of the Power Utilities Division at the African Development Bank joins CNBC Africa for more.</p>


What the future holds for Africa’s power utilities

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<p>South Africa has once again been plunged into darkness. Plagued by ageing equipment and maintenance issues, Eskom has seen breakdowns, triggering stage four of load-shedding this week. Today the power utility announced the suspension of two managers at its power stations. Eskom CEO Andre de Ruyter joins CNBC Africa for more.</p>


Eskom CEO on the power utility’s latest round of load-shedding


<p>JOHANNESBURG (Reuters) &#8211; South African power utility Eskom will implement planned blackouts on Tuesday after breakdowns at a number of power stations in the last two days, it said on Tuesday.</p>



<p>The power cuts will last from 1000 GMT to 2000 GMT, the company said in a statement, adding that any further deterioration in generating performance may require additional loadshedding at short notice.</p>


Candle In The Dark Ali Light

South Africa’s Eskom to implement power cuts on Tuesday after breakdowns


<p>JOHANNESBURG (Reuters) &#8211; South Africa has endured its worst power cuts on record this year, research by the country’s national science council showed on Friday.</p>



<p>The power cuts by ailing state utility Eskom are one of the biggest challenges facing President Cyril Ramaphosa as he tries to revive investor confidence in Africa’s most industrialised economy.</p>



<p>Analysis by South Africa’s Council for Scientific and Industrial Research (CSIR) found that 1,498 Gigawatt hours (GWh) of energy had been shed so far in the first eight months of 2020, more than 1,352 GWh in the whole of last year and 1,325 GWh in 2015, the previous two worst years on record.</p>



<p>The CSIR estimates planned power cuts, known locally as load-shedding, cost the economy up to 120 billion rand ($7.2 billion) last year.</p>



<p>Eskom generates more than 90% of South Africa’s power but has struggled to meet demand for years because of faults at its coal-fired power stations. Some of these stations have not been properly maintained and two new ones have been hobbled by design flaws.</p>



<p>Ramaphosa has promised to break up Eskom to make it more efficient and has granted it a series of mammoth bailouts to stabilise its finances, but its problems have persisted.</p>



<p>Eskom last implemented planned power cuts last week.</p>



<p>The CSIR predicts load-shedding will continue for two to three years, depending on the actions the government takes to address the electricity shortfall.</p>



<p>($1 = 16.7032 rand)</p>


Eskom

Eye on OR Tambo SEZ EP1: Unlocking the investment potential of OR Tambo Special Economic Zone

South Africa 2024 Post-Budget Insights

SA Finance Minister Enoch Godongwana delivers 2024 Budget Speech

Post-Budget Analysis & Reactions: SA Minister Enoch Godongwana’s Budget 2024

President Ramaphosa delivers the 2024 State of the Nation Address (full speech)

What the future holds for Eskom as SA moves to liberalize energy market

Minister Gwede Mantashe on latest developments in South Africa’s energy sector

BUSA President, Pitjana reflects on the life of Jabu Mabuza

Ramaphosa lifts threshold for electricity self-generation

Odhiambo Ramogi: Why profitability has remained elusive for Africa’s power utilities

Numsa, Eskom in second round of talks over salary increases

Unpacking SA’s energy plans & the role of banks

Eskom H1 results with CEO Andre de Ruyte

What the future holds for Africa’s power utilities

Eskom CEO on the power utility’s latest round of load-shedding

South Africa’s Eskom to implement power cuts on Tuesday after breakdowns

South Africa sees worst power cuts on record in 2020, research shows

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Advertise With Us

Eskom

Eye on OR Tambo SEZ EP1: Unlocking the investment potential of OR Tambo Special Economic Zone

South Africa 2024 Post-Budget Insights

SA Finance Minister Enoch Godongwana delivers 2024 Budget Speech

Post-Budget Analysis & Reactions: SA Minister Enoch Godongwana’s Budget 2024

President Ramaphosa delivers the 2024 State of the Nation Address (full speech)

What the future holds for Eskom as SA moves to liberalize energy market

Minister Gwede Mantashe on latest developments in South Africa’s energy sector

BUSA President, Pitjana reflects on the life of Jabu Mabuza

Ramaphosa lifts threshold for electricity self-generation

Odhiambo Ramogi: Why profitability has remained elusive for Africa’s power utilities

Numsa, Eskom in second round of talks over salary increases

Unpacking SA’s energy plans & the role of banks

Eskom H1 results with CEO Andre de Ruyte

What the future holds for Africa’s power utilities

Eskom CEO on the power utility’s latest round of load-shedding

South Africa’s Eskom to implement power cuts on Tuesday after breakdowns

South Africa sees worst power cuts on record in 2020, research shows

News Tips

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