The more business owners emigrate, the worse the consequences for job creation, says Solly Moeng.
Mostly sunny. Cool.
South Africans are being hit hard by rolling blackouts across the country in the guise of load shedding by Eskom, further exacerbated by extreme weather conditions.
Zimbabwe’s state-owned Zesa Holdings escalated power cuts to
as long as 24 hours after losing regional power imports, while local generation
capacity remains critically constrained.
The power utility has a non-binding agreement to import as
much as 400 MW of power from South Africa’s Eskom, which has been unable to
meet local demand and has implemented rolling blackouts, now in their sixth
Eskom announced on Tuesday evening that rotational load shedding had
been downgraded from stage 4 to stage 3 at 20:00.
The power utility did
not immediately provide further information or say how long the stage 3
power cuts were expected to last.
Unpopular decisions will have to be made to fix ailing state-owned
enterprises (SOEs), said Deputy President David Mabuza who also
apologised for load shedding during his address at the SACP's special
Mabuza admitted SOEs were "in a state of
collapse", saying Eskom should get its house in order and take
definitive measures and make plans to mitigate the growing crisis.
The multi-billion rand mega power stations Eskom commissioned in
2007, Medupi and Kusile, should take a large portion of the blame for
the power utility's failure to keep the country supplied with
Energy expert Chris Yelland notes that there are
several issues with the two megaprojects that were initially designed as
part of a series of undertakings intended to boost Eskom's generation
capacity by roughly 50%.
Chief among the problems is the fact that even
when the incomplete stations are running, their production levels mirror
or fall short of some of Eskom's oldest power plants, he said.
READ MORE HERE:
The Presidency has confirmed to News24 President Cyril Ramaphosa will
cut his trip to Egypt short, returning home to deal with the ongoing
According to Eyewitness News, Ramaphosa is set to meet with Eskom's leadership on Wednesday.News24 understands he was urged to cut his trip short by senior ANC officials.
The ANC's national executive committee (NEC) met this past weekend and Eskom's dire state formed part of the agenda.
As South Africans continue to grapple with load shedding - currently at
stage 4 - it would appear many small business owners are taking strain
because of the latest round of "ridiculous" power outages.
The Department of Mineral Resources and Energy has announced short-
and medium-term interventions to meet South Africa’s energy demands and
address its electricity and energy challenges, including steps to allow
Independent Power Producers to come on stream sooner.
This was an "an urgent and immediate task to ensure economic growth", it said in a statement.
The Presidency has confirmed to News24 that President Cyril Ramaphosa is set to cut his trip to Egypt short, returning home to deal with the ongoing power crisis.
According to Eyewitness News, Ramaphosa is set to meet with Eskom's leadership on Wednesday.
News24 understands Ramaphosa was urged to cut his trip short by senior ANC officials.This is a developing story. More to follow.
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Several South African banks are offering incentives for businesses and small companies to install solar PV panels. Solar panels can cost more than R100,000 for residences, and R3.2 million for medium-sized businesses. Business Insider South Africa compared the different funding options provided by banks. For more stories visit Business Insider South Africa.
Mines halt operations countrywide as Eskom asks for 20% power savingsSeveral mining companies in South Africa have had to temporarily shut down domestic operations after receiving requests by Eskom to reduce their load on the national power system. This comes after Eskom instituted stage 6 load shedding for the first time on Monday evening.
Several mining companies in South Africa have had to temporarily shut down domestic operations after receiving requests by Eskom to reduce their load on the national power system. This comes after Eskom instituted stage 6 load shedding for the first time on Monday evening.
Load shedding could slash SA's GDP growth to just 0.3% - Intellidex
The effects of sustained load shedding in the fourth quarter of the year may make even the SARB's latest prediction look too rosy, says market research company Intellidex.
'Can I claim from Eskom?' - From spoilt food to job fears, South Africans share load shedding nightmares
People across the country on Tuesday shared how rolling power outages were affecting their lives - from those struggling to keep jobs or businesses open, to others who depend on electricity for medical treatment.
News24 asked readers to share how Stage 6 load shedding affected them this week.
For a start, many readers said they could not even attempt to plan their lives when their power failed to play along with the load shedding schedules.
A man said his power had not come back on since midnight on Tuesday and he was in the dark as to what was happening.
#Loadshedding #update Stage 4 Block 7A & 7B pic.twitter.com/XuMQdMVo82— @CityPowerJhb (@CityPowerJhb) December 10, 2019
#Loadshedding #update Stage 4 Block 7A & 7B pic.twitter.com/XuMQdMVo82
#POWERALERT 1Date: 10 December 2019Eskom is currently implementing Stage 4 rotational loadshedding until 23:00 tonight.@News24 @TimesLIVE @eNCA @iol @SABCNewsOnline @TheCitizen_News @SAfmRadio @POWER987News @ukhozi_fm @METROFMSA @TheCitizen_News pic.twitter.com/LcQM8dRbFD— Eskom Hld SOC Ltd (@Eskom_SA) December 10, 2019
#POWERALERT 1Date: 10 December 2019Eskom is currently implementing Stage 4 rotational loadshedding until 23:00 tonight.@News24 @TimesLIVE @eNCA @iol @SABCNewsOnline @TheCitizen_News @SAfmRadio @POWER987News @ukhozi_fm @METROFMSA @TheCitizen_News pic.twitter.com/LcQM8dRbFD
SA 'really close to the edge' as Eskom forced to operate without 40% of capacity
As Eskom implemented stage 6 load shedding for the first time on Monday evening, energy analyst Chris Yelland – speaking to Fin24 from a dark house and with an almost-flat cellphone battery – did not mince his words.
South Africa was "really close to the edge", but the public generally has a lack of understanding about the seriousness of the electricity crisis.
"Believe me, stage 6 load shedding is bad."
The struggling power utility ordered stage 6 rotational power cuts on Monday evening as it continued to battle capacity constraints caused by flooding and unplanned outages, including the failure of a power supply line feeding electricity conveyor belts feeding coal to silos at Medupi power station.
Load shedding: Cape Town warns that water supply may be intermittent at Stage 6
Capetonians who are seeing red over load shedding should also prepare for possible interruptions to their water supply should Eskom decide to move to Stage 6, it emerged on Tuesday.
Citizens around the country were caught by surprise when the power utility moved to Stage 6 on Monday evening. On Tuesday, it moved to Stage 4 until 23:00, Fin24 reported.
Now the City of Cape Town's water and sanitation department has warned that Stage 6 was likely to limit its ability to provide water across the city in the usual way.
Emergency services battling fire at Pretoria substation
A fire broke out at the Kwagga substation in Pretoria West on Tuesday morning.
According to Jacaranda FM, Tshwane Emergency Medical Services (EMS) are battling the blaze that broke out at 03:00.
EMS spokesperson Charles Mabaso told Jacaranda FM firefighters were dispatched from around 03:30 and have been fighting the blaze since then.
Mabaso told the station that the situation had been complicated by the fact that now there was oil leaking from the substation itself.
Stage 4 load shedding to continue until 11pm on Tuesday
After implementing stage 6 load shedding for the first time on Monday, Eskom says it will continue with stage 4 load shedding on Tuesday until 11pm.
Stage 4 allows for up to 4 000MW to be cut from the national grid.
Eskom has warned that cuts are likely to continue for the rest of the week as it battles severe capacity constraints caused by unplanned outages and flooding. On Monday it announced that heavy rains and floods at three power stations caused its already-reduced generation capacity to plunge further.
Stage 6 load shedding a major blow to growth, tax revenue - economists
Economists have warned that the implementation of stage 6 load shedding for the first time would further dampen SA's already poor economic growth prospects.
Eskom on Monday announced it was implementing stage 6 load shedding, which allows for up to 6 000MW to be cut from the national grid. It downgraded the load shedding level back to stage 4 at 10pm, but warned that cuts were likely for the rest of the week as the Eskom continues to battle severe capacity constraints caused by unplanned outages and flooding.
President Cyril Ramaphosa, in a statement, said that public anger over the "devastating" power cuts was understandable, while Minister of Public Enterprises Pravin Gordhan apologised on eNCA.
Ramaphosa: Public anger over 'devastating' power cuts is understandable
President Cyril Ramaphosa has said that ongoing rotational power cuts are causing great harm to the economy and disrupting the lives of citizens.
The Presidency on Monday evening issued a statement in response to Eskom taking the unprecedented step of instituting stage 6 load shedding at 6pm. Stage 6 was implemented until 10pm, when the power utility announced the load shedding level had been downgraded to level 4.
Eskom announced on Tuesday that stage 4 load shedding would continue until 11pm on Tuesday, with high risks of cuts for the remainder of the week.
'There aren't even six stages of grief' - Twitter users react to stage 6 load shedding
South Africans have responded with typical humour on Twitter to the news that power utility Eskom has implemented stage 6 load shedding on Monday.
In a tweet late on Monday afternoon, the power utility said: "We regret and sincerely apologise that stage 4 load shedding will move to stage 6 load shedding as from 18:00 today as a result of a shortage of capacity. This follows a technical problem at Medupi power station impacting additional generation supply."
Stage 6 load shedding: What you need to know
In an unprecedented move, Eskom on Monday evening said it would introduce Stage 6 load shedding.
"We regret and sincerely apologise that stage 4 load shedding will move to Stage 6 load shedding as from 18:00 today, as a result of a shortage of capacity. This follows a technical problem at Medupi Power Station impacting additional generation supply," the power utility tweeted.
To date, Eskom has only implemented load shedding up to Stage 4.
Stage 6 load shedding means shedding 6000 MW. It is an indication that Eskom has lost over 40% of its generating capacity, according to energy analyst Chris.
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