South Africa’s only independent electricity trader PowerX, has just applied to energy regulator Nersa to add six generators and 29 customers to its license.
Jason Muscat, a senior economic analyst at FNB, said that despite a disappointing end to the year’s output, looking ahead mining was set to make a solid contribution to the annual gross domestic product (GDP).
Cape Town’s water crisis is likely to have far reaching consequences, not only on the local economy, but on the national GDP. The water crisis threatens further downgrades from ratings agencies, hampering much needed investment, economists have warned.
South African business confidence rose to the highest level since before Nhlanhla Nene was fired as finance minister in 2015, the first of many events that hurt prospects and impacted markets in the continent’s most-industrialized economy.
Around 2,030 million years ago a meteor the size of a mountain (about 10km across) fell to earth in South Africa’s Free State making a crater 300km across; it is the oldest crater made by either a comet or meteorite and reportedly the site of the largest energy release in history.
In 2015, scientists claimed to have found a bigger crater (around 400km wide) underground in the Austrlian outback, although it is not visible on the earth's surface.
The South African rand was slightly weaker against the US dollar on Friday morning (2 February), trading around R12 to the dollar following the US Federal Reserve’s decision to keep interest rates on hold.
South Africa’s government has approved an application by state power utility Eskom to buy more renewable power from independent producers (IPP), the public enterprises ministry said on Friday.
South Africa's deputy president is acting more like a president these days, while talk surrounding his scandal-tainted boss is about how and when he would quit.
Liquid Telecom has invested more than R1 billion into expanding its datacentre facilities in Johannesburg and Cape Town to support the rising demand for cloud-based services.
Cape Town’s impending Day Zero is likely to have a severe knock-on effect across the entire national economy, widely affecting a number of sectors, and resulting in a possible credit rating downgrade for South Africa.