[Opinion] ROB ROSE: Smart money braces for stage 8

Since the beginning of 2023, there has been only a single 24-hour period free of rolling blackouts in South Africa,” wrote CRA director Chris Hattingh. “Eskom’s latest energy outlook [up to March 20] suggests this is likely to continue, with the state electricity company being unable to meet the demand for electricity during any week through to at least March 2024.

[Letter] Credibility gap

SA’s risk premium has increased exponentially over the last few years. The government’s preference for control was most recently concretised in the signing into law of the Employment Equity Amendment Bill, indicating a preference for even more state power over the economy and society.

[Opinion] Cash fears in energy crisis

His sentiments were echoed by Centre for Risk Analysis policy analyst Chris Hattingh, who said that while a total grid collapse was improbable, it was not impossible. He said the effects of load shedding had already been devastating.

[Opinion] The shutdown that wasn’t

Couched in the language of revolution, the EFF must rely on events such as ‘national shutdowns’ to both test the general national mood of political change, and to try and figure out where its own support levels lie.

[Video] SA's Electricity Crisis | No energy for energy action plan

In July last year, the government outlined a ten-point power plan to address power cuts. Some of the details included buying power from independent producers, scrapping licensing requirements for private energy projects, and 'importing' electricity from Botswana and Zambia. South Africa then went on to have its worst year of blackouts to date, around 200 days. Right now, the situation doesn't look like it will get any better. Let's find out what went wrong with Senior Research at the Centre of Risk Analysis, Chris Hattingh.

[Opinion] Expanding’ SARB’s mandate won’t cure SA’s woes

But despite these utterances and desires, it is unclear how precisely expanding the central bank’s mandate – to, for example, dictate looser monetary policy and lower interest rates (in a higher inflation context) – will cure the myriad ideological and policy wounds the governing party has inflicted on the economy.

[Opinion] 2023-Quo Vadis?

All in all a dynamic environment for the foreseeable future but with adversity comes opportunity and taking on these challenges is part of South Africa’s DNA, especially if businesses, communities, and civil society organisations can work together.
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