The Karpowership-SA business model in ownership is compelling for BEE
By Opinion
Clyde N. S. Ramalaine
OPINION - Antonio Gramsci, the Italian philosopher, introduced us to the construct of an interregnum, in which he identifies societies periodically in crisis.
The crisis consists of the fact that the old is dying and the new cannot be born; in this interregnum, many morbid symptoms appear. It would be no understatement to assert South Africa details a multiplicity of crises.
Among others, since late 2007, SA evidence a nation in an energy crisis with the phenomenon of load-shedding increasingly becoming the order of the day.
Unfortunately, load shedding will continue to be a common occurrence in the near future as power generation in South Africa is not expected to meet demand. According to the Department of Mineral Resources and Energy ( DMRE ), South Africa s total domestic electricity generation capacity is 58,095 MW from all sources, produced chiefly by state-owned power company Eskom and primarily generated from coal. However, according to Eskom s CEO, André de Ruyter, there is still an estimated 4,000MW shortfall in the amount the power utility will supply in the next half-decade [2]. However, the country has been making efforts to reach demand and address energy transition. The South African government approved the Integrated Resource Plan 2019 ( IRP ) outlining the energy mix for the next decade in an attempt to add more energy sources to the mix and the decommissioning of some of Eskom s coal-fired power plants. Also, to increase renewable capacity, the government has been allo
Mozambique attacks impact SA businesses moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.
By Andres Vega, International Associate at Centurion Law Group.
Angolan lawmakers last week approved the revision of current legislation, allowing for oil and gas pre-exploration studies to be carried out in some areas previously designated as natural reserves. The government however stressed, that this law was by no means a relaxation of the stringent environmental provisions required for oil exploration in Angola that already exist. According to H.E Diamantino Pedro Azevedo, Minister of Mineral Resources and Petroleum, less than 3% of the zones previously designated as protected are likely to be affected by this provision. Angola’s constitution and applicable presidential decrees all mandate that oil and gas exploration only be carried out in a manner that is environmentally friendly. The proposed new law secured a majority of over 70% in Angola’s parliament.
Angola s 65 Years of Oil History has been Good for Angola Despite Some Challenges (By Andres Vega)
In addition to generating vast amounts of revenues, good paying jobs and improving key socioec-onomic indicators, oil and oil-sector reforms in Angola intended to make the sector globally com-petitive have also led to progressive and reform-driven growth in other sectors
LUANDA, Angola, February 25, 2021/APO Group/
By Andres Vega, International Associate at Centurion Law Group.
Angolan lawmakers last week approved the revision of current legislation, allowing for oil and gas pre-exploration studies to be carried out in some areas previously designated as natural reserves. The government however stressed, that this law was by no means a relaxation of the stringent environmental provisions required for oil exploration in Angola that already exist. According to H.E Diamantino Pedro Azevedo, Minister of Mineral Resources and Petroleum, less than 3% of the zones previously designated