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Energy Min Mantashe Calls for Changes to SA's IRP; Load-Shedding Suspended

SOUTH AFRICA

LOCAL NEWS

  • Energy Min Mantashe says there are compelling reasons to update SA’s integrated resource plan to increase gas resources and push for more nuclear energy builds. Notes renewable energy sources are currently underestimated in SA and should be explored
  • SA suspends load-shedding on Sunday night due to sufficient recovery in generation capacity. Since Saturday, Eskom managed to return 9 generating units to service, having started load-shedding to avoid full depletion of its emergency reserves
  • Treasury says it will provide guidance on whether cash-strapped state arms manufacturer Denel will receive another allocation at the Feb budget after it missed payments on its loans in Jan and had its bonds suspended from the JSE.
  • Sibanye Stillwater revises up its wage offer to unions of R570-670 for lowest paid employees for R800, just shy of union demands for R1,000. The revised offer is aimed at offsetting potential strikes that could dampen mining activity significantly
  • SA Tourism CEO set to report on the sector’s R400bn recovery plan. Tourism currently accounts for 8.6% of GDP and has lost ~R54bn due to the pandemic - BD
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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