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Elections highlighted as a concern for SME owners, but also promises change
Published: 19 Apr 24
Almost half, or 49%, of small and medium-sized enterprise (SME) business owners who responded to the Fourth Quarter 2023 SME Confidence Index by specialist SME financier Business Partners said they were concerned that the imminent risk of economic turbulence and protest action during the election season would impact their operations. While the SME owners said the social climate ahead of the May elections was cause for concern, about 33% of the respondents said the elections would bring about much-needed change, said Business Partners impact investing executive GM David Morobe.
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Elections highlighted as a concern for SME owners, but also promises change
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NTCSA begins consultations on market code to govern shift towards competitive electricity industry
Published: 19 Apr 24
With the National Transmission Company South Africa (NTCSA) currently scheduled to be operationalised in July and efforts under way to ensure that the Electricity Regulation Act (ERA) Amendment Bill is passed by the current Parliament, work is now advancing on the market code for the future multimarket architecture that will progressively replace the vertically integrated structure that has prevailed for over a century. Eskom transmission MD Segomoco Scheppers will lead the NTCSA once it begins trade after addressing the remaining Companies Act requirements, having already met the key conditions of board independence, licensing and lender consent.
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NTCSA begins consultations on market code to govern shift towards competitive electricity industry
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Proconics joins Eskom’s Owner Engineers Panel
Published: 19 Apr 24
Proconics' expertise aligns with national projects and is poised to contribute to Eskom’s Transmission Development Plan. Engineering Firm Proconics was among the 14 companies that joined the Eskom Transmission Owner’s Engineer (OE) Panel at a recent signing ceremony event held at Eskom headquarters in Megawatt Park.
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Proconics joins Eskom’s Owner Engineers Panel
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Energy grid impedes excess power transmission
Published: 19 Apr 24
South Africa’s current electricity transmission grid is generally constrained in the Cape provinces and unable to facilitate the connection of new utility-scale generation including that from solar photovoltaic (PV) and wind, says wind and solar energy facility developer JUWI Renewable Energies. Historically, the majority of South Africa’s electricity supply was provided by coal power stations, the majority located in Mpumalanga, with the power transmitted to the major load centres including those in the Cape. The national transmission grid is still set up in this way, despite the introduction of large-scale renewables, as the cost and time to upgrade this infrastructure is onerous.
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Energy grid impedes excess power transmission
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Mixed outlook
Published: 19 Apr 24
The recent period of decreased loadshedding has been met with tremendous scepticism by a South African public who have been burnt more times over the past 15-plus years than a lump of wet coal. Most distant observers attribute the reprieve purely to the upcoming May 29 poll, and fully expect a return of intense power disruptions once the electoral dust has settled.
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Mixed outlook
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Metair reassures market amid huge debt, challenges at Türkiye battery business
Published: 19 Apr 24
Metair is still very much open for business and the group is able to accommodate new clients should they need automotive components or energy storage solutions, says new CEO Paul O’Flaherty. O’Flaherty, now two months into the job after former CEO Sjoerd Douwenga bowed out, owing to health reasons, comes to Metair with executive experience at companies such as Absa, Group Five, ArcelorMittal and Eskom.
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Metair reassures market amid huge debt, challenges at Türkiye battery business
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Embracing the grid services revolution: Reshaping power transmission with renewable energy integration
Published: 19 Apr 24
In an era marked by escalating climate concerns and the urgent need for sustainable energy solutions, the power transmission landscape is witnessing a profound revolution. At the forefront of this transformation is the increasing integration of renewable energy sources such as solar and wind power into the grid. This article delves into the multifaceted aspects of the grid services revolution, exploring challenges, strategies, market dynamics, policy frameworks, case studies and future outlooks, showcasing how these elements collectively pave the way towards a cleaner, more sustainable energy future.
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Embracing the grid services revolution: Reshaping power transmission with renewable energy integration
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Scatec inaugurates 540 MW Kenhardt solar farm
Published: 18 Apr 24
Norwegian renewable energy company Scatec has inaugurated the 540 MW Kenhardt solar farm in the Northern Cape.
In his keynote address at the event, on April 18, CEO Terje Pilskog commended how far the site has come to producing electricity for South Africa’s grid and reiterated the company’s commitment to the local market.
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Scatec inaugurates 540 MW Kenhardt solar farm
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South Africa contingency reserves won't be spent on Eskom, Transnet – Godongwana
Published: 18 Apr 24
South Africa will use future drawdowns of its Gold and Foreign Exchange Contingency Reserve Account to curb its debt burden, Finance Minister Enoch Godongwana said, adding he was pondering tax hikes and expenditure cuts in the next post-election budget. Africa's most industrialised nation is grappling with an ailing economy and high debt ahead of a general election on May 29 that could see the governing African National Congress party lose its parliamentary majority for the first time since the end of apartheid 30 years ago.
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South Africa contingency reserves won't be spent on Eskom, Transnet – Godongwana
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