Peroshni's Feed
Oct 5, 2015

Green energy, not nuclear the way to go: German official

CAPE TOWN (Reuters) – Green energy is cheap in the long run and clean compared to “dirty” coal and costly nuclear power, a senior German energy official said on the sidelines of a Cape Town conference, at a time when South Africa plans to expand atomic power generation.

President Jacob Zuma’s government is developing an energy mix that will boost power generation in Africa’s most advanced economy which has been hit by electricity shortages and reduce its reliance on mostly coal generated energy.

Oct 4, 2015

S.Africa’s power grid needs $15 bln boost for new energy production

CAPE TOWN, Oct 4 (Reuters) – South Africa’s ageing
electricity transmission grid needs investment of $15 billion by
2022 to help cope with increased new energy production, an
executive at German state development bank KfW said on Sunday.

Africa’s most advanced economy is investing heavily in
renewable energy to counter chronic electricity deficits but
power utility Eskom’s ageing grid is making feeding
more electricity into the system difficult.

Sep 30, 2015

South Africa’s NUM union calls coal miners strike

JOHANNESBURG, Sept 30 (Reuters) – South Africa’s National
Union of Mineworkers (NUM) said on Wednesday it would ask its
members in the coal sector to strike after wage talks collapsed.

Africa’s most advanced economy, beset by power shortages,
relies on coal for its electricity and is also a major exporter
to Europe and Asia.

Sep 7, 2015

S.Africa’s Sasol reports lower FY earnings, trims dividend

JOHANNESBURG, Sept 7 (Reuters) – South African
petrochemicals company Sasol on Monday lowered its
full-year dividend after weaker oil prices hit earnings.

Headline earnings per share, a popular measure in South
Africa which strips off some one-off items, fell to 49.76 rand
from 60.16 a year earlier.

Sep 3, 2015

S.Africa looks to gas power generation to ease electricity crunch

JOHANNESBURG, Sept 3 (Reuters) – South Africa’s government
aims to build new gas-fired power stations to stem chronic
electricity shortages and reduce its dependence on an ageing
fleet of coal-fired plants.

Africa’s most advanced economy is facing a shortfall in
electricity supply, resulting in frequent power cuts that are
hurting business and eroding its appeal as an investment

Sep 2, 2015

S.Africa may expand nuclear power to cut reliance on coal

JOHANNESBURG, Sept 2 (Reuters) – South Africa’s future
energy mix could have an even higher share of nuclear power than
the planned 9,600 megawatts (MW), as it aims to cut reliance on
polluting coal-fired power stations, a government official said
on Wednesday.

Africa’s most advanced economy is facing a shortfall in
electricity due to its creaking coal-fired plants, resulting in
regular power cuts that are hurting the economy and denting
investor confidence.

Aug 31, 2015

S.Africa says “no deal” struck with any country on nuclear expansion

PRETORIA, Aug 31 (Reuters) – South Africa has not struck a
deal so far with any country on nuclear expansion but its
immediate focus was to build more renewable power projects, the
energy minister said on Monday.

The government of Africa’s most advanced economy, which is
battling an energy crunch, said in May it will procure a nuclear
fleet to generate 9,600 megawatts of power this year, estimated
by analysts to cost as much as $100 billion.

Aug 30, 2015

South Africa, hit by electricity shortages, opens first power station in 20 years

LEPHALALE, South Africa, Aug 30 (Reuters) – President Jacob
Zuma opened South Africa’s first new power plant in 20 years on
Sunday with a warning that the country’s perennial energy
shortages were hampering economic growth.

Construction on the six-unit, 4,764 MW Medupi plant near
Lephalale, about 350 km north of Johannesburg, was started in
2007 but the first 794 megawatts (MW) only came online this week
after delays due to strikes, technical issues and cost overruns.

Aug 20, 2015

S.Africa’s Exxaro H1 earnings tumble, to diversify sales

JOHANNESBURG, Aug 20 (Reuters) – South African coal miner
Exxaro reported 62 percent fall in half-year earnings
on Thursday and said it would look to diversify local sales in
the face of a global glut that threatens to further hurt

Diluted headline earnings per share fell to 303 cents from
790 cents a year earlier. It had warned in May that it expected
a fall of at least 20 percent.

Aug 19, 2015

South African justice minister blocks Pistorius parole

JOHANNESBURG (Reuters) – Oscar Pistorius will not be freed on parole this Friday because the decision to do so was made without the right legal basis, South Africa’s justice minister said on Wednesday, shocking the athlete’s family as they prepared for his homecoming.

The former Paralympics gold medalist had been expected to be released after serving 10 months of a five-year sentence for killing his model and law graduate girlfriend Reeva Steenkamp on Valentine’s Day 2013.