Home » Posts tagged with » South Africa

South Africa eyes nuclear in energy mix by 2045

Africa’s most industrialized country South Africa will consider adding nuclear power capacity in an affordable way as part of its long-term plans, Energy Minister Gwede Mantashe said. According to Mantashe, a former trade unionist who took over a merged energy and mineral resources ministry earlier this year, South Africa has started planning for new nuclear […]

Nigeria’s Buhari to pay visit to South Africa in October

Nigerian President Muhammadu Buhari and South African President, Cyril Ramaphosa, have agreed to meet in October to discuss trade relations between the two largest African economies. According to Malam Garba Shehu, the Senior Special Assistant to the President on Media and Publicity, the two leaders will consider recurrent issues concerning the wellbeing of the Nigerian […]

Read More

China lifts its beef ban on South Africa

China lifts its beef ban on South Africa

outh Africa has resumed beef exports to China after an outbreak of the highly contagious foot and mouth disease (FMD) in Vhembe, a northern district of Limpopo province halted trade. In January, The World Organization for Animal Health has officially suspended South Africa temporarily as an exporting country until the affected area is free of […]

Read More

South Africa: unemployment hits 29%, 11-year high

South Africa: unemployment hits 29%, 11-year high

Unemployment rate in South Africa has jumped to its highest since the global financial crisis more than a decade ago, data showed on Tuesday. The increase in joblessness was preceded by a sharp rise in jobless claims from the Unemployment Insurance Fund (UIF) between 2018 and 2019. Claims rose 21% to 9.2 billion rand, the […]

Read More

South Africa: Italy-based power generation company to build a 140 MW wind farm

In South Africa, Enel Green Power RSA, a subsidiary of an Italian power generation and distribution group, has announced the commencement of construction of a wind farm in the Eastern Cape province. The plant according to the independent power producer (IPP) Enel, will have a daily capacity of 140 MW and commissioned in the second […]

Read More

South African companies eye investment in Angola’s oil sector

South African companies eye investment in Angola’s oil sector

The South African Oil & Gas Alliance (SAOGA) is eyeing more investment in the Angola oil and gas sector to strengthen existing relations between the two countries and aid in the formation of commercial partnerships and joint ventures. According to Niall Kramer, CEO of SAOGA, the oil-rich southern African nation remains a strategic and significant […]

Read More

South Africa: Carbon tax implementation expected this week

South Africa’s long-delayed carbon tax will be implemented on 1 June 2019. The bill has been enshrined in law, the treasury said on Sunday. The carbon tax has already been postponed at least three times since first being mooted in 2010, after mining companies said it would erode profit. The tax will be introduced in […]

Read More

South Africa’s ANC celebrates victory, vows to tackle ANC corruption

South Africa’s ANC celebrates victory, vows to tackle ANC corruption

In South Africa, the ruling African National Congress (ANC) has won parliamentary elections with 57.5 percent of the vote and retained power in eight of nine provinces, the electoral commission said. The result was the anti-apartheid party’s worst-ever electoral victory. The party has ruled South Africa since the end of apartheid 25 years ago. According […]

Read More

Green Energy: Nedbank issues renewable energy bond

Nedbank, a local private bank in South Africa, has issued green bonds to support the development of four green energy projects in the southern African nation. The Nedbank’s initiative will support the construction of one wind farm and three solar farms. The Bank launched green bonds at the end of April 2019 to raise $117 […]

Read More

Pretoria, Juba ink 6-year oil production deal

South Sudan and South Africa have signed a six-year production-sharing agreement for an untapped exploration block in the war-torn East African nation. The agreement was signed on Monday by South Sudan’s Minister of Petroleum Ezekiel Lol Gatkuoth, and South Africa’s Minister of Energy, Jeff Radebe. Block B2 was once part of a 120,000-square-kilometre area known […]

Read More