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Kim Cloete

Sawea considers legal options to get Eskom to sign PPAs

2nd November 2016 The South African Wind Energy Association (Sawea) is considering legal options in a bid to get Eskom CEO Brian Molefe to sign power purchase agreements (PPAs) for round four of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). Sawea says 26 projects totalling... 

Investors rattled by recent political developments; Western Cape manufacturing sector fairly stable

28th October 2016 Recent political developments in South Africa have made investors very jittery and the outlook for the economy is still fragile, according to an Absa/Bureau for Economic Research (BER) presentation, delivered in Cape Town, on Friday. “Our businesspeople in South Africa are clearly very concerned... 

South Africa could be in for a downgrade, economist suggests

28th October 2016 The Medium-Term Budget Policy Statement (MTBPS) was lukewarm, with very little new information on what government is doing to tackle the serious fiscal risks facing State-owned enterprises (SoEs), says Absa Capital senior economist Peter Worthington. Speaking at a joint Absa/Bureau for Economic... 

Manuel says South Africa lagging in its commitment to protect the environment

28th October 2016 The South African government needs to step up to the plate on some key environmental concerns, says former Finance Minister Trevor Manuel. Speaking at the launch of the World Wide Fund for Nature–South Africa’s (WWF-SA’s) Oceans Facts and Futures report, in Cape Town, he said government had still... 

Parliament turns away PetroSA, DoE officials

28th October 2016 Parliament turned away PetroSA board members as well as Department of Energy (DoE) officials after they failed to submit a forensic report into the R14.5-billion loss incurred by the State-owned entity. DoE director-general Thabane Zulu had prepared a presentation relating to the investigation... 

Rolls-Royce rolls out MTU South Africa’s upgraded facility in Cape Town

27th October 2016 Rolls-Royce has officially opened a redesigned and upgraded facility in Cape Town, where 232 MTU engines destined for rail will be assembled, tested, painted and commissioned. The engines, which are part of the planned shift to move more freight from road to rail, will be installed in freight... 

SA commission signs MoUs with Russia, Kenya

21st October 2016 South Africa's Competition Commission has signed separate memoranda of understanding (MoUs) with Russia and Kenya to work together on issues of common ground. The commission will work with Russia, particularly in the fields of the pharmaceutical and automotive sectors. 

Government signals crackdown on cartels

21st October 2016 Economic Development Minister Ebrahim Patel is adamant about cracking down on cartels that he says are pushing people deeper into poverty and raising prices of food and other goods. He told the tenth annual Competition Law, Economics and Policy Conference on Thursday that he hoped newly... 

Gas prices to remain relatively low and stable, expert avers

21st October 2016 The price of natural gas in the US is expected to stay relatively low and stable, says Norton Rose Fulbright partner for global consultants John Mauel. He told delegates at the South Africa: Gas Options conference, in Cape Town, this week that the volatility in the US gas to oil price ratio... 

Energy Minister says Eskom to fund nuclear as new procurement framework is unveiled

21st October 2016 Eskom’s balance sheet will be used to leverage funding for government’s anticipated multibillion-rand nuclear build programme, Energy Minister Tina Joemat-Pettersson announced on Tuesday. She told Parliament’s Portfolio Committee on Energy that the National Treasury would not be funding the... 


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