Emergency Power Procurement Plan Hits Fifth Delay

LOCAL NEWS

• Dept of Mineral resources & energy has pushed back the 20yr emergency power procurement plan with renewable producers for a fifth time, now to May. This means that efforts to offset electricity shortfalls and load-shedding have been pushed back by another 12 months – BusinessDay
• ANC proposes radical shift to work with the private sector in SOEs to boost growth after decades of pushing a failing state-led growth model. The party has proposed a range of interventions for private firms to take stakes in SOEs, play a bigger role in infrastructure funding and solve SA’s energy crisis BusinessDay
• Pietermaritzburg Economic Justice & Dignity Group warns that food security is under threat in KZN and could lead to higher prices and potentially starvation following intense flooding. Notes that unless govt interventions work, KZN could be in for a difficult few months ahead – News24

Data:

• 0800BST: Feb leading indicator, 127.3 prior