finweek
Gift an article

Power crisis: Is the end in sight?

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
loading...
Loading, please wait...
0:00
play article
Subscribers can listen to this article

President Cyril Ramaphosa’s unexpected decision to lift the cap on private sector electricity generation has fuelled hope that an end to South Africa’s power crisis is in sight, and that further long-awaited reforms to spur the sluggish economy are imminent.

But even in the best case scenario, it will be another two years before enough new generation capacity is installed to cover the existing gap between supply and demand, allowing Eskom to end the rolling power cuts, which it has been forced to implement to protect the national grid.

Eskom spokesperson Sikonathi Mantshantsha was blunt about this in interviews following the 10 June announcement of Ramaphosa’s decision, saying that loadshedding would not be eliminated until the country had an additional 4 000MW of additional generation capacity.

Read this for free
Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
18.01
+0.3%
Rand - Pound
20.17
-0.0%
Rand - Euro
17.64
+0.3%
Rand - Aus dollar
11.58
-0.1%
Rand - Yen
0.12
+0.6%
Gold
1,663.18
+0.1%
Silver
19.24
+1.1%
Palladium
2,165.50
-0.1%
Platinum
864.50
0.0%
Brent Crude
85.14
-2.4%
Top 40
57,059
-0.6%
All Share
63,280
-0.7%
Resource 10
59,540
-1.2%
Industrial 25
76,760
-0.8%
Financial 15
13,774
-0.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders