NewStats: 3,259,485 , 8,170,262 topics. Date: Sunday, 25 May 2025 at 08:55 AM 1q1z6f

6z3e3g

South Africa Marks 150 Days Without Powercuts, Boosts Currency (PICS) - Foreign Affairs - Nairaland 5l6x42

South Africa Marks 150 Days Without Powercuts, Boosts Currency (PICS) (16748 Views)

(4)

(1) Go Down)

WannaHowzit(m): 8:32am On Aug 27, 2024
South Africa has gone 150 consecutive days without any planned power outages, the state power utility Eskom said at the weekend.

This milestone marks a dramatic turnaround from over a year ago when South Africa was plagued by persistent and record load shedding (planned powercuts) that disrupted daily life, inflated food prices and eroded investor confidence.

“The recovery plan has not only made Eskom’s power stations more reliable but has also demonstrated enhanced efficiency,” the state-owned power utility said.

The turnaround began with the appointment of Kgosientsho Ramokgopa as the country’s first-ever electricity minister in March 2023, a role created in response to the escalating energy crisis.

Alongside this, the government injected about R250-billion (N23-trillion) into Eskom to stabilise the utility as well as appointing Dan Marokane as its permanent CEO in December.

The rand has responded well to the development after ending 2023 as one of the few emerging market currencies with losses versus the dollar.

Its fortunes have been boosted by the improvement in electricity supply along with a coalition government that’s considered market friendly after the May election.

The currency has gained 3.7% in the year to date and trades at about R17.70/$.

19 Likes 4 Shares

Sonnobax15(m): 8:34am On Aug 27, 2024
lipsrsealed
CyrusVI(m): 8:34am On Aug 27, 2024
Wow shocked....I'm impressed
You guys haven't gained independence even in 2024 but it's worth it


Businesses easily thrives in places like this


Kudos to your Govt

57 Likes 3 Shares

Sonnobax15(m): 8:35am On Aug 27, 2024
lipsrsealed
Good for them..

My neighborhood left the group chat grin

73 Likes 2 Shares

illicit(m): 8:36am On Aug 27, 2024
Hmmmm bragging rights...

10 Likes

Smartcitizen: 8:36am On Aug 27, 2024
Tinubu and BUHARI are big time curses to Nigeria.

130 Likes 12 Shares

malcom1X: 8:36am On Aug 27, 2024
Guys pray for good leaders. A good leader can determine how good your life is.

109 Likes 6 Shares

Bigboytinz: 8:37am On Aug 27, 2024
.
GanagiBitrus: 8:37am On Aug 27, 2024
I'm trying to when last I enjoyed 48hrs uninterrupted power supply in my area.

31 Likes 2 Shares

Ennyjude(f): 8:41am On Aug 27, 2024
See our government

9 Likes 2 Shares

WannaHowzit(m): 8:45am On Aug 27, 2024
Eskom CEO Dan Marokane and Electricity Minister Kgosientsho Ramokgopa credited for the massive turnaround.

cc CyrusVI cry cry cry

5 Likes 1 Share

WannaHowzit(m): 8:53am On Aug 27, 2024
A CONFIDENT ESKOM ROLLS OUT EV INFRASTRUCTURE

South Africa’s national electric utility company, Eskom, has officially launched its electric vehicle (EV) charging infrastructure at the Eskom Academy of Learning (EAL) in Midrand, near Johannesburg.

Eskom says this milestone marks a significant step in Eskom Distribution’s commitment to ing the growth of the e-mobility sector in South Africa and contributing to the country’s broader goals of reducing carbon emissions.

Eskom has about 12,000 vehicles in its fleet. 10,000 of them are under the Distribution Division. This pilot is one of the first steps towards electrifying this fleet.

The pilot project includes the procurement of 20 electric vehicles ranging from light delivery vehicles to light trucks for operational use.

The pilot project involves the installation of 10 charging stations at five Eskom sites across the country.

The other sites are in Cape Town, Pietermaritzburg, Rustenburg, and Mbombela. These sites will serve as the foundation for Eskom Distribution’s long-term strategy to electrify its entire fleet by 2040.

“We continue to focus on our long-term strategy to deliver a competitive, sustainable, and future-proof Eskom to ensure energy security, growth, and long-term sustainability for the benefit of South Africa and sub-Saharan Africa. By investing in eMobility and the charging infrastructure needed for electric vehicles, we are not only reducing our carbon footprint but also stimulating the local economy and creating new opportunities for growth,” said Gabriel Kgabo, General Manager in the Office of the Eskom Group Executive for Distribution.

Kgabo also highlighted Eskom’s of the government to align South Africa with the global EV ecosystem market. Key initiatives include the EV White Paper released by the Department of Trade Industry and Competition (DTIC) in December 2023 and the incentives announced by National Treasury to encourage the local production of EVs from 2026.

5 Likes 1 Share

agadez007(m): 8:58am On Aug 27, 2024
Tinubu left the group chat

After building Lagos,he is now destroying Nigeria

63 Likes 10 Shares

MzansiCoolio: 9:12am On Aug 27, 2024
WannaHowzit:
Eskom CEO Dan Marokane and Electricity Minister Kgosientsho Ramokgopa credited for the massive turnaround.


White worshippers left the group
G0Oodharddick: 9:31am On Aug 27, 2024
SA is doing really well in of development.

Meanwhile, I don't want to talk about Nigeria! Even Ghana is Miles ahead of Nigeria in of electricity and economy

39 Likes 4 Shares

saintopus(m): 9:55am On Aug 27, 2024
People will blame the past Nigerian Leaders for the poor electricity and I will say they are correct.
However, readers of this article would not be oblivious to the fact that ESKOM, was given N23 trillion to execute the project that generated over 2500 MW of electricity.
How much is the Nigeria government investment in electricity?
When Obasanjo was in power, Chief Tony Annineh was the minister of power, he was given $16 billion for the power Ministry, today @N1600 to the Dollar how much would that be?

7 Likes 1 Share

WannaHowzit(m): 9:59am On Aug 27, 2024
saintopus:
People will blame the past Nigerian Leaders for the poor electricity and I will say they are correct.
However, readers of this article would not be oblivious to the fact that ESKOM, was given N23 trillion to execute the project that generated over 2500 MW of electricity.
How much is the Nigeria government investment in electricity?
When Obasanjo was in power, Chief Tony Annineh was the minister of power, he was given $16 billion for the power Ministry, today @N1600 to the Dollar how much would that be?

The N23 trillion was to maintain SA's 33,000MW of electricity. 2500 is additional.

20 Likes

helinues: 10:00am On Aug 27, 2024
Good for them
KnowAll(m): 10:01am On Aug 27, 2024
But oh boy! What they injected into electricity sector is equivalent to our national budget. We can’t compete we are a poor nation.

16 Likes

sachidistudios(m): 10:02am On Aug 27, 2024
A true Giant

15 Likes 1 Share

saintopus(m): 10:08am On Aug 27, 2024
WannaHowzit:


The N23 trillion was to maintain SA's 33,000MW of electricity. 2500 is additional.

Just for maintenance alone ooooooo!!!
and add 2500 MW how much is Nigeria willing to invest in electricity?
Make I no talk if consumers can pay for 24hours electricity without bying in Nigeria.

8 Likes 1 Share

KnowAll(m): 10:14am On Aug 27, 2024
saintopus:


Just for maintenance alone ooooooo!!!
and add 2500 MW how much is Nigeria willing to invest in electricity?
Make I no talk if consumers can pay for 24hours electricity without bying in Nigeria.

The good thing about Nigeria is there is no contract between the government and the governed. We provide our roads, water, electricity so the government doesn’t really have a say how we run our lives.

7 Likes 1 Share

Tochi3(m): 10:17am On Aug 27, 2024
grin grin

..south Africa getting their development right..putting in money that leads to progress & development..In just a span of 2_3 yrs..they succeeded in adding almost 3000MW to their existing generating power..almost what Nigeria currently generates since over 40yrs.. grin grin

..while a president who did not snatch & grab is effectively creating opoortunities for his country men & women...Thief'nubu is looting funds meant for development ...roasting electricity with a fraudulent down payment..

..where is that toutish incompetent Minister of power who was appointed because he is a Yoruba man..whose only solution to improve the power is to tell citizens to put off their AC's & refrigerators.. cheesy

..Allah must punish Thief'nubu..insha allah..

grin grin grin

15 Likes

UpaIweka: 10:18am On Aug 27, 2024
How come only Tinubu n Buhari were cursed ?

Was naira gaining against the dollar or did Nigeria had improved power supply under Obasanjo Yardua or Ebele or you are just another foolish soul exposing your foolishness to the world in a global stage.

Smartcitizen:
Tinubu and BUHARI are big time curses to Nigeria.

7 Likes

Smartcitizen: 10:23am On Aug 27, 2024
UpaIweka:
How come only Tinubu n Buhari were cursed ?

Was naira gaining against the dollar or did Nigeria had improved power supply under Obasanjo Yardua or Ebele or you are just another foolish soul exposing your foolishness to the world in a global stage.




How old were you when OBASANJO cleared all our foreign debts?

Just say the truth......

16 Likes

Shawarmagirl: 10:35am On Aug 27, 2024
South Africa is the Giant of Africa 🌍 and senior brother to Nigeria. Nigeria have sold her birth right to SA.

23 Likes

KnowAll(m): 10:38am On Aug 27, 2024
Shawarmagirl:
South Africa is the Giant of Africa 🌍 and senior brother to Nigeria. Nigeria have sold her birth right to SA.


We shall remain 4th for very long time if not 5th because Morocco would soon overtake us.

11 Likes

Lionessza6(f): 11:30am On Aug 27, 2024
WannaHowzit:
Eskom CEO Dan Marokane and Electricity Minister Kgosientsho Ramokgopa credited for the massive turnaround.

cc CyrusVI cry cry cry

RZArecta .....now these are the sort of black men Africa needs not born refugees grin grin

2 Likes

Rexymania(m): 11:45am On Aug 27, 2024
Very soon Inshallah, Nigerians will relate...when these old wicked leaders meet their water loo

7 Likes

RZArecta(m): 11:50am On Aug 27, 2024
Lionessza6:


RZArecta .....now these are the sort of black men Africa needs not born refugees grin grin
why mention me ? I've given my opinion already

1 Like

BlackfireX: 11:51am On Aug 27, 2024
The 5 iiidiiots who asked the whites to go after independence are collateral fools





grin

7 Likes

Lionessza6(f): 11:51am On Aug 27, 2024
RZArecta:
why mention me ? I've given my opinion already

Now I'm giving mine .... grin grin

3 Likes

(1) Reply)

Trump Rips Biden, Democrats For DC Plane Crash, Blames Unqualified FAA Employees

(Go Up)

Sections: How To . 34
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or s on Nairaland.