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Kim Cloete

Eskom to finalise comprehensive, integrated strategy by Sept

13th April 2018 Acting Eskom CEO Phakamani Hadebe said on Tuesday that the State-owned enterprise had raised R43-billion from the market and that it would come up with a comprehensive, integrated strategy for the entity by September. “As of today, I’m happy to announce that Eskom has been able to raise in gross... 

Eskom moves to review 2018/19 tariff decision

13th April 2018 Eskom’s top officials have gone to Parliament to argue their case for a higher tariff increase, saying the 5.23% tariff increase for 2018/19 granted by the National Energy Regulator of South Africa (Nersa) would seriously harm the utility. “The 2.2% price increase for 2017/18 has strained the... 

Africa’s downstream oil industry holds promise

30th March 2018 The downstream market is dynamic in Africa and continues to evolve and become more transparent throughout the supply chain, says African energy specialist CITAC Africa executive director Gary Still. He told the annual African Refiners & Distributors Association (ARA) conference, in Cape Town, on... 

Energy giant outlines the prospects for global energy demand

30th March 2018 India is rapidly emerging as the world’s largest growth market for energy, says BP West Africa head of origination John Goodridge. He told the annual African Refiners & Distributors (ARA) conference, in Cape Town, that while growth in energy demand in China was tapering off, demand in India would... 

Nigeria aims to become net exporter of refined petroleum by late 2019

30th March 2018 The Nigerian National Petroleum Corporation Nigeria (NNPC) is pushing ahead with its goal to revive its oil refineries and become a net exporter of petroleum products by the end of next year, delegates at the annual conference of the African Refiners & Distributors Association (ARA), in Cape... 

Eskom raises R43bn as it begins to attract more investors

27th March 2018 Acting Eskom CEO Phakamani Hadebe said on Tuesday that the State-owned enterprise had raised R43-billion from the market and that it would come up with a comprehensive, integrated strategy for the entity by September. “As of today, I’m happy to announce that Eskom has been able to raise in gross... 

Eskom goes to Parliament to argue its case for a higher tariff increase

27th March 2018 Eskom’s top officials have gone to Parliament to argue their case for a higher tariff increase, saying the 5.23% tariff increase for 2018/19 granted by the National Energy Regulator of South Africa (Nersa) would seriously harm the utility. “The 2.2% price increase for 2017/18 has strained the... 

Renewables programme notches up successes despite delays

23rd March 2018 A recent report has shown that 112 projects have been procured through the Renewable Energy Independent Power Producers Procurement Programme (REIPPPP), with 62 of those having started commercial operations by December 31, 2017. The total infrastructure investment from 64 signed projects totals... 

Trade agreement with the EU a boost for Western Cape exports

16th March 2018 The Economic Partnership Agreement (EPA) between the European Union and six countries in Southern Africa has been a boost for the Western Cape, with strong gains for the wine and fishing industries since it came into effect in October 2016.  The EPA between the EU and the Southern African Customs... 

South Africa urged not to be ‘mesmerised’ by manufacturing

16th March 2018 Most jobs in the South African economy are likely to be created in the services sector, in line with global trends away from manufacturing, says Harvard University Kennedy School of Government Trade and Investment Professor Robert Lawrence. “Don't be mesmerised by manufacturing and... 

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