Severe planned power cuts at South African state-run utility Eskom are expected to shave 0.3 percentage points off first-quarter GDP growth, Goldman Sachs said on Thursday. Advertisements
Eskom says the cyclone in Mozambique has contributed significantly to load shedding being escalated from stage 3 to stage 4 this afternoon.
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JOHANNESBURG – Eskom says it’s working with technicians in Mozambique to restore power supply through the two power lines that went offline cutting about 1,000 megawatts of power from the grid.
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Africa Energy has announced the start of a new 3D marine seismic acquisition program over the Paddavissie Fairway on the Total-operated Block 11B/12B offshore South Africa.
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France’s Total and partners will resume drilling at the Brulpadda prospect offshore South Africa in December, a minority partner in the field said on Wednesday.
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South Africa’s labour court has ordered a mineworkers’ union to suspend its plans for an industry-wide strike from Feb. 28 to March 7 until it issues a ruling on whether to block the action, the union and producer Lonmin said on Thursday.
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(Reuters) – A bailout for struggling South African state utility Eskom could reach as much as 150 billion rand ($10.79 billion) over 10 years, a senior National Treasury official told Reuters.
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South Africa Mineral Resources Minister Gwede Mantashe on Friday said the priority remains to restore ventilation at the Gloria mine, in Mpumalanga, and to reduce flammable gases underground so that the search and recovery process can continue with the necessary speed.
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US oil company Anadarko has announced that its exploration activities in South Africa are at an early stage.
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South African miner Harmony Gold is in talks to build a 30 megawatt solar power plant in the Free State province to supply power to some of its operations to try to reduce power costs and dependence on struggling utility Eskom.
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