Strong dollar, weak UK consumer sentiment and German producer prices, which saw their highest ever increases in July, weigh on European stocks
The UK’s monetary policy committee is hardly on top of the situation when inflation is running at more than five times its 2% target
The finance minister says the allegations are ‘fashioned to achieve narrow and selfish political ends’
The US has the highest number of monkeypox cases globally, accounting for almost a third of the world’s infections
Spending allocations to increase to R812bn for the next three years, says finance minister
Food Safety Agency tells retailers and food producers it will seize vegan products with names that it says are for meat
EVs charge their own batteries when renewable energy is ripe — typically midday — and then discharge some of that electricity when power demand is high and renewable generation is low
England captain leads fight back but Jansen and Maharaj put on 72 for seventh wicket to put SA in control
William Ruto wins Kenya’s election, the Marikana massacre commemorated, India celebrates 75 years of independence, protests in Cape Town, and more
I’m frustrated with load-shedding and bored to death reading about what Eskom can and can’t do about it. (“Social compact making progress on Eskom challenges”, June 27, and “No sense in Eskom investing in new plants, says De Ruyter”, June 28).
My couch is 40 years old but it’s still comfortable to sit on. Any old coal-fired station that’s still operating should be gold for Eskom, but I read they’d rather close them down. It’s strange that Germany, having screwed up its energy picture by closing nuclear stations, is now reopening its coal-fired ones. Maybe their crystal ball was made in China.
It is surely the triumph of hope over experience that the Kusile and Medupi power stations were imagined to come in on time and on budget. The incompetence and corruption that are the hallmarks of this government are, after all, at the root of our problems.
Since we have the coal, surely our strategy should be to use what we’ve got, put emissions on hold for now, and get mineral resources & energy minister Gwede Mantashe and his coal cronies to agree to up the independent power producers’ nonlicence limit to 1,000MW immediately.
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Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.