Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines
Africa
Economy

Bleak outlook with no light at the end of the tunnel

08 Dec 2022 - by Staff reporter
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

South Africa woke up this morning to find itself as close as it has ever been to its worst nightmare – a wholesale collapse of its power grid that would take weeks, if not months, to restore if ever it came to pass.

Business Day reports that power utility Eskom has set a new record with its inability to provide for the country’s electricity demand, losing 24 000 megawatts or 47% of its entire network.

Energy expert Ted Blom commented to IOL that “only God can save us!”

Coming on the back of much-needed planned maintenance work to one of the units at twin-turbine nuclear power station Koeberg, the loss of a further 920mw in generating capacity will take the country closer to stage eight load-shedding, according to Blom.

If his views seem alarmist, as an analyst of South Africa’s power woes he is not alone in painting a very bleak picture of things to come.

In Beeld, energy analyst Clyde Mallinson said all the signs were there that the country’s power grid position was going from bad to worse.

In the last six to seven days, he said, Eskom had only been able to utilise about 17 000mw of its entire coal-fired capacity of 40 000mw.

It means it only managed to generate about 43% of required electricity because of the intermittent and exacerbating maintenance issues and breakages experienced at power stations like Arnot, Camden, Duvha, Kendal, Kriel and Tutuka.

Fellow analysts and energy economists Tshepo Kgadima and Lungile Mashile added their voices to the condemnation of what’s going on, pointing a finger at lack of leadership.

The current power crisis is costing the economy about R3 billion daily, and comes days ahead of the ANC national elective conference starting on December 16 - but there is no plan in place by the current government to address the situation.

Mashile attributes the failings at Eskom to the wrong people occupying executive positions at the utility, albeit that the utility’s CEO, Andre Ruyter, has committed himself to avoiding a grid collapse at all costs.

On numerous occasions he has warned that South Africa could be experiencing load-shedding for months to come as the utility attempts to fix failing infrastructure.

This view was again expressed yesterday by Eskom spokesperson Sikonathi Mantshantsha after the implementation of stage six was announced.

Mantshantsha added that whatever reserve capacity Eskom had, had to be held back for emergency power provision.

Business Day put this into perspective, saying that Eskom had already exceeded its financial year budget of R11 billion allocated for diesel needed for its open-cycle gas turbines.

By December 7, this budgeted amount, which should have taken the utility through to the end of March, had overrun to R15bn.

For the first week of December alone Eskom burned R551 million to avoid an escalation of load-shedding.

But there’s no more money for that, Blom said.

On Twitter, another energy analyst, Chris Yelland, bemoaned the fact that the ANC’s upcoming conference seemed to be taking precedence over the energy crisis in which the country finds itself.

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.
Subscribe to receive print copies of Freight News Features to your door.

Proactive prevention is a win-win

Logistics

Siva Pather, managing director of Land and Sea Risk, says the real challenge extended far beyond the criminal incidents.

06 May 2025
0 Comments

Salvage tug sails to Maersk ship adrift in Atlantic

Sea Freight

The stricken vessel will be adrift for two weeks by the time salvage help arrives.

06 May 2025
0 Comments

Mozambique resumes road toll fees

Africa

The country has reduced rates nationwide with the exception of charges for commercial operators.

06 May 2025
0 Comments

Fuel prices set to drop

Economy

Global economic recession concerns and an oversupply of crude oil are placing pressure on prices.

06 May 2025
0 Comments

Driverless truck developer hits the highway

Road/Rail Freight

Aurora CE Chris Urmson said he travelled in the back seat during the inaugural journey.

06 May 2025
0 Comments

Weak SA economy, not Namibian imports, causes low meat prices

Economy

The challenge is that demand for the product has slowed, with almost 1.2m fewer carcasses sold locally in 2023 than in 2016.

06 May 2025
0 Comments

South Africa’s citrus export season gets under way

Imports and Exports

Growers forecast a rise in demand despite US tariff uncertainty and ongoing EU phytosanitary barriers.

05 May 2025
0 Comments

Thriving agri-sector pushes up tractor imports

Imports and Exports

No duties apply because we can't place import duties on equipment we don't produce. – Wandile Sihlobo.

05 May 2025
0 Comments

Carriers face capacity planning nightmare

Air Freight

The de minimis change is going to disrupt the market, and we’ll see its impact this month. – Xeneta.

05 May 2025
0 Comments

Australia launches world’s largest electric ship

Sea Freight

At 130 metres in length, Hull 096 is the largest electric vessel of its kind ever built.

05 May 2025
0 Comments

Naval drones cause havoc at Black Sea port

Logistics

The strike destroyed a Russian Su-30 fighter jet mid-air in a historic first for UAVs.

05 May 2025
0 Comments

Ukrainian authorities detain Tanzania-flagged cargo ship

Sea Freight

The vessel was intercepted near the Port of Reni as it was reportedly en route to the Turkish port of Gemlik.

05 May 2025
0 Comments
  • More

FeatureClick to view

The Cape 16 May 2025

Border Beat

The N4 Maputo Corridor crossing – congestion, crime and potholes
12 May 2025
Fuel-crime curbing causes tanker build-up at Moz border
08 May 2025
Border police turn the tide on illegal crossings
29 Apr 2025
More

Featured Jobs

Seafreight Export Controller

Tiger Recruitment
Cape Town
15 May

Import Manager (NVOCC)

Switch Recruit
Eastrand
15 May
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us