South Africans might not be clear who in the ANC is winning the battle, but there is little doubt that it is the people of the country who are losing, writes Howard Feldman.
Morning clouds. Mild.
Eskom is set to seek a 34% hike in electricity tariffs, back from the 88% rise it had been considering due to the global economic slowdown, a newspaper says.
Estimated consumption of electricity in December 2008 fell by 8.4% compared with December 2007 to 17 556 gigawatt-hours, Statistics SA says.
South African power utility Eskom says it has secured a financing arrangement for €530m (about R6.1bn) with seven European banks.
Eskom says the last year has been an extremely challenging one, but it managed to raise its coal stocks, which resulted in no load shedding since April 2008.
The latest electricity consumption figures explain why the government and Eskom warn that the country faces renewed load shedding.
Eskom considers proposing legislation which will force companies to cut their electricity usage by about 10%, says a representative.
Eskom will use money borrowed from a German bank to finance a new power station in Lephalale.
The government is considering providing guarantees to Eskom to enable it to borrow funds for its expansion plans.
Power utility Eskom has dismissed reports that the country would experience long blackouts in January and February next year.
Private consortia have presented Eskom with plans for building 23 different coal-fired power stations, which could raise the country's electricity capacity by about 50%.
Eskom faces an enormous funding hurdle not only because of the global financial market meltdown, but also because its expansion spending has more than doubled to R343bn.
Anglo American and Eskom have signed an agreement to guarantee the country's power supply.
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