Browsing: South Africa load shedding

Coal Smuggling South Africa

South Africa tightens noose on coal-smuggling gang in sting operation

Countries

Over and above the graft and management woes gripping South Africa’s power utility Eskom, a brazen coal-smuggling gang has been operating under the authorities’ nose, worsening the electricity crisis that could lead to a nationwide blackout.
However, the South African Revenue Service (SARS) says it is closing in on the gang. SARs is working with law enforcers to conduct searches and seizures across five provinces where the coal-smuggling gang operates.…

In February 2023, the annual inflation rate increased by 7.2 percent compared to 4.5 percent recorded in February 2022. www.theexchang.,africa

South Africa power woes impacts Namibia’s inflation

Countries
  • The annual inflation rate for February 2023 increased by 7.2 per cent compared to 4.5 per cent recorded in February 2022.
  • On a monthly basis, inflation rate increased to 0.4 per cent compared to 1.1 per cent registered in the earlier month.
  • Load-shedding in South Africa is preventing farmers from buying livestock from Namibia.  

In February, the cost of goods and services increased more sharply and the outlook does not appear promising, particularly regarding food, which saw a 14 per cent hike. The Namibian Statistics Agency disclosed inflation figures for February yesterday, with the month displaying a 7.2 per cent rate, one percentage point higher than January’s inflation rate.

This 7.2 per cent is taking the country back to August 2022 when inflation reached a peak of 7.3 per cent. While most goods and services’ prices have increased overall, service inflation continues to weigh on headline inflation, rising at a …

Energy mix is the answer to Africa's energy trilemma.

Investors and Inventors to Meet at Africa’s Green Economy Summit

Investing
  • South Africa is set to host Africa’s Green Economy Summit starting February 22, 2023, in Cape Town.  
  • The summit is part of the E-Fest Cape Town that will culminate in the Formula E 2023 Cape Town E-Prix race in the same week on Saturday, 25 February 2023.
  • Africa’s Green Economy Summit will bring together stakeholders deliberating investment prospects in the green economy. 

Cape Town is ready to host Africa’s Green Economy Summit that connects global capital and green economy projects starting February 22 to February 25, 2023.  

The summit is part of the E-Fest Cape Town that will culminate in the Formula E 2023 Cape Town E-Prix race in the same week on Saturday, 25 February 2023.

Speaking ahead of the conference, Western Cape Premier Alan Winde said there is huge potential in the Western Cape’s green economy.

 “The economy is bristling with opportunity even in the face of the …