With the walls closing in and load-shedding playing havoc with the economy, finance minister Enoch Godongwana announced measures that will not only absorb more than half of Eskom’s R423bn debt but also grant tax breaks for businesses and homes investing in renewable energy.
The SA Sugar Association (SASA) plans to diversify into alternative new revenue streams such as aviation fuel and food additives to reduce its focus on the traditional refined sugar it says is under threat from taxes.
This may sound like a broken record, but several decades after it was first proposed and nine years after a sod-turning ceremony, the first phase of the Mzimvubu water project will finally commence in the new financial year in April. This was one of the promises made by President Cyril Ramaphosa regarding the Eastern Cape when he delivered his state of the nation address in Cape Town on Thursday evening.
Outgoing Eskom boss Andre de Ruyter on Tuesday said if the power utility had more money to buy diesel for open-cycle gas turbines, the stages of load-shedding would have been reduced.