Latest News & Developments
energy market
BRICS+ Series: How OPEC and BRICS are Shaping the Future of Global Energy Trade
The developing relationship between OPEC+ and BRICS is significantly reshaping the global energy landscape. The coinciding membership of energy giants like Saudi Arabia, Iran, and the UAE in both the blocs is an indicator of the rising influence of the Global South in energy governance, contesting the Western-dominated order and redefining global oil trade.
Budget 2025 | Treasury aims to give R219. 2 billion boost to power a greener future
Treasury reveals plans for a massive R219. 2 billion investment in the green energy sector, promising transformation amid current power challenges. But unprecedented political disagreements have delayed the formal presentation of the 2025 Budget.
Our actions are to force Eskom to abandon coal, says Groundwork
Groundwork, a South African environmental justice organisation, aims to compel Eskom and the government to prioritise renewable energy following a pivotal High Court ruling against new coal-fired power.
Nuclear Power as South Africa’s Solution to Energy and Economic Growth
As South Africa's population grows, so does the energy demand, and the country must plan for a long-term, sustainable energy strategy. One proposed solution is nuclear energy, writes Bayethe Msimang.
Energy crisis looms as DA’s stance against nuclear energy threatens stability and economy
The DA's actions will lead to a lack of affordable and reliable electricity for South Africans, leaving the population with a concerning future for their energy needs, writes Bayethe Msimang.
‘We need affordable, reliable electricity that can come onstream quickly’ - BLSA CEO
With the lingering threat of load shedding on South Africa's economy, BLSA CEO, Busisiwe Mavuso, raises alarm bells over the discrepancies in the country's energy roadmap.
NJ Ayuk’s legacy: From founding Centurion Law Group to championing Africa’s energy goals
Centurion Law Group CEO NJ Ayuk is passing the baton to a new generation — and expects his next chapter to be just as effective and rewarding.
South Africa to get its first off-grid electric vehicle charging station by June
By June this year, South Africans in the North West can use the country’s first renewable energy charging station for electric vehicles, as Zero Carbon Charge forges ahead with its plans.
COP28 parties call for tripling of world’s renewable energy capacity by 2030
The UN Climate Change Conference in Dubai on Wednesday called for the tripling of renewable energy across the globe by 2030 as part of joint efforts to ensure deep and sustained reductions in greenhouse gas emissions and keep global temperature increase within 1. 5 °C.
Ramokgopa says R400 billion needed to fund grid expansion
Minister of Electricity Kgosientsho Ramokgopa said Eskom’s balance sheet was not in a position to fund the grid expansion project.
Eskom CEO search continues: 147 candidates fall short of requirements
Electricity Minister Dr Kgosientsho Ramokgopa also announced the return of Kusile unit three ahead of schedule which he said marked a significant milestone in their efforts to resolve load shedding.
Good news! Load shedding suspended until Monday afternoon
Eskom would continue to closely monitor the power system and communicate any change to load shedding should it be required.
Government wants to cut Karpowership deal to 5 years
The head of project management in the Presidency, Rudi Dicks, said there were serious discussions to reduce the current contracts of Karpowership from 20 years to between five years and 10 years.
Huawei launches new industrial and commercial energy storage system for the African market
Huawei Digital Power recently held its FusionSolar Channel Partner Summit 2023.
Huawei calls for solar industry to work together on high-quality PV benchmarks
Africa is home to 60% of the world’s best solar resources.
Zimbabwe’s president says power cuts will end in 2023
Zimbabwean President Emmerson Mnangagwa says that his government will take extraordinary measures to ensure that Zimbabwe will not have any power shortages in 2023.
Energy Chamber head says promises made at US-Africa Leaders Summit must be kept
Africa’s Energy Sector is in need of practical, and not reactionary, solutions at the US-Africa Leaders Summit in Washington DC, says Nj Ayuk, executive chairman of the African Energy Chamber.
We’re spending $10 a day on fuel to keep the generator going, says frustrated Zimbabwean business owner
Zimbabwe’s Kariba dam is running dry, which poses a devastating impact on electricity production as citizens battle with up to 19 hours of black outs almost daily.
Kenya Power reports outages in parts of the country
The company did not explain what triggered the outages but said it was trying to ‘restore normalcy within the shortest time possible’.
Nord Stream explosions were sabotage, Sweden says; 10 million without power in Ukraine
Swedish prosecutors Friday said that explosions at the Nord Stream gas pipelines in September were the result of ‘gross sabotage’.
Tunisia’s first floating solar station starts to operate: Here’s what you need to know
Country on mission to generate 80% of its electricity from renewable energy resources by 2050.
US, Japan and partners mobilise $20bn to move Indonesia away from coal power
A coalition of countries will mobilise $20 billion of public and private finance to help Indonesia shut coal power plants and bring forward the sector's peak emissions date by seven years to 2030, the United States, Japan and partners announced on Tuesday.
Kyiv mayor warns of evacuations in case of total power loss
The mayor said that Russian President Vladimir Putin ‘doesn't need us Ukrainians. He needs territory, he needs Ukraine without us’.
SADC regional committee of energy and water ministers to meet on Friday
The Southern African Development Community (SADC) committee of ministers responsible for energy and water will hold a Joint Meeting on Friday in Kinshasa, Democratic Republic of Congo.
Iran signs gas contracts worth $6. 5bn with Russia
Iran and Russia have signed contracts worth about $6. 5 billion (R118bn) for co-operation in the gas sector.