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Government failure puts powership plans at risk

Government failure puts powership plans at risk
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RMIPPP preferred bid announcement – a concerning outc

The RMIPPP is the first step in the government’s plan to procure more than 13 800 megawatts (MW) of new energy over the next decade, as set out in the Integrated Resource Plan (IRP 2019) that was updated in October 2019.  Although we view the RMIPPP as positive in terms of the urgency needed to address the ongoing energy supply deficit, we are less positive about the extent of the gas-burning technology that will be used to generate this new energy, given its associated high level of CO2 emissions, which may detract from South Africa’s clean energy goals.  Two thirds of the energy procured will be from offshore “Powerships” which may not support the gross fixed-capital formation that our country desperately needs. The Powerships have also been granted exemptions from local content provisions during their project development phase, a key metric that bidders were required to comply with under the RMIPPP. 

Upgrade of harbour to boost tourism

Upgrade of harbour to boost tourism The site establishment commenced in January and the construction is planned for completion before the December festive season. Thursday, 29 April 2021, 07:44 Transnet National Ports Authority invested R12,7-million to create better parking facilities in the recreational section of the port. MOSSEL BAY NEWS - The Port of Mossel Bay will soon have a newly resurfaced road and parking spaces between entrance number 1 and the Mossel Bay Yacht and Boat Club premises, an area known as the recreational area, where restaurants and other tourist attractions are located. This R12,7-million capital investment is in line with the provisions of the National Ports Act of 2005, which mandates Transnet National Ports Authority (TNPA) as the owner, manager, controller and administrator of ports to ensure the port s efficient and economic functioning, through planning, providing, maintaining and improving port

Economic reform (Part Two): Operation Vulindlela ushers in significant era of reform-mongering in South Africa

Economic reform (Part Two): Operation Vulindlela ushers in significant era of ‘reform-mongering’ in South Africa This is Part Two of a two-part series. Part One can be . Two important actions in the past few weeks signal that – at last – the president and his allies in government have seriously started to engage with the hard business of reform.  The Budget – whatever else you might say about it – involved an unambiguous set of decisions to halt the endless rise in South Africa’s deficit and the terrible consequences that would flow from a full-blown fiscal crisis. The minister of finance could not have taken these decisions without support from the president. 

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