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Eskom implements more blackouts

| Businesses | February 4, 2015

Less power generation capacity and outages at several units has led to the implementation of blackouts, Eskom said on Wednesday.

“At Majuba power station, Unit 3 has an ash conveyer belt which is stuck and at Duvha, Unit 2 tripped on Tuesday night due to a technical fault on the electrical side and that is currently being repaired,” the power utility said in a statement.

Work continued at Koeberg which experienced a fault on Sunday. On Monday, Eskom said the power grid was under pressure after one of Koeberg’s 900MW units was taken out of service because of a technical fault.

“The unit is expected to be at full capacity by the end of the week. The same unit is due for planned outage on February 9, 2015 and will be returned to service again in May.”

Eskom implemented stage one blackouts on Wednesday between 10am and 10pm.

Stage one allows for up to 1000MW of the national load to be cut, stage two for up to 2000MW, and stage three for up to 4000MW.

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Lucrative SA wine industry highly competitive globally: Report

| Businesses | February 4, 2015

South Africa’s wine industry is very healthy and compared to other new world wine producers such as Chile, is a strong global, competitive player despite the international economic downturn.

This is according to the latest macro-economic impact report by Conningarth Economists for the South African Wine Industry Information and Systems.

The five-year report covers the period from 2008 to 2013.

A massive growth in wine exports, both bulk and bottled, has played a big role in the industry’s performance.

Bulk exports accounted for 66% of volumes sold outside the country in 2013, but packaged sales continue to strengthen.

The number of litres leaving the country has increased by over 400 million litres over the past 15 years.

This is partly due to the shortfall in the rest of the world during that period.

In the photo below courtesy of Reuters, workers load crates of wine at the Rostberg bottling plant near Cape Town.

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Cellphone companies want clarity on policies

| Businesses | February 4, 2015

Cellphone operators want government and the regulator, Independent Communications Authority of South Africa (Icasa), to create certainty in the policy and regulatory framework.

The companies say any further uncertainty will result in delayed investments and ultimately job losses. Parliament is currently hosting a two-day Information and Communications Technology (ICT) Indaba to look at ways to boost the digital economy, with a view to boost the sector and bringing broadband to all South Africans by 2020.

Cellphone operators want clarity on plans to share broadband infrastructure as well as the availability of the spectrum for broadband.

Joshua Moela from Cell C says : “As operators that level of uncertainty as to how the spectrum is going to be allocated causes delays in terms of investment decisions that we need to take.”

Themba Kinana from Vodacom says: “It makes it difficult for us to even connect in rural areas to broaden the base in terms of the work that we do.”pocasa acknowledged the delays saying that South Africa is behind on the high demand of spectrum and digital migration.

Cellphone companies have warned the energy generation shortages will lead to increased costs, which will eventually be passed onto the consumer.

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Petrol price relief for SA motorists

| Businesses | February 4, 2015

Motorists are looking forward to the decrease in the petrol price with effect from Tuesday midnight.

The price of petrol will decrease by 93 cents a litre and diesel by R1.02 a litre.

This coupled with the news last week that the Reserve Bank will keep the repo rate steady is a sign that pressure on consumers is easing.

However, Neil Roets CEO debt management company Debt Rescue, says money saved from travel costs must be put to good use.
“We really welcome this price reduction. But we feel it’s very important that people use this wisely to pay off current debt and more specifically unsecured debt which carries higher interest rates. What is very important is for people to draw up a budget and stay with that budget. And if something like this happens, like the price decrease that we are seeing now, then they must make use of it.”

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Africa warned of tough economic road ahead

| Businesses | February 4, 2015

Standard Bank says the multi-billion euro plan announced by the European Central bank might help boost investment in the mining sector.

TAGS:
ECB US Federal Reserve Standard Bank Mining Nigeria Angola DRC Zambia Oil price drop Judith Tseke

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Vettel again fastest but Mercedes do most laps

| Businesses | February 4, 2015

Ferrari’s Sebastian Vettel was fastest for the second day in a row in Formula One testing in Spain on Monday.

TAGS:
Ferrari Sebastian Vettel Formula One Nico Rosberg Lewis Hamilton Jerez circuit

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Judgment reserved in Dramat court case

| Politics | February 4, 2015

Monday 2 February 2015 18:11
The North Gauteng High Court has reserved judgment in the application for leave to appeal its decision that the suspension of Hawks boss Anwa Dramat was unlawful.

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Mbete refutes De Klerk’s ‘democracy hero distortion’

| Politics | February 4, 2015

Monday 2 February 2015 20:26

ANC National Chairperson and Speaker of the National Assembly, Baleka Mbete, says former President FW de Klerk cannot be credited with being the architect of South Africa’s democracy.

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Cosatu cautions against closure of schools during protests

| Politics | February 4, 2015

Cosatu cautions against closure of schools during protests

Wednesday 4 February 2015 14:39

The Congress of the South African Trade Unions (Cosatu) says it opposes the closure of schools as a “tactic” during community protests.

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| Ward Links | February 4, 2015

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