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SOUTH AFRICA: Eskom power plan; Rand fizzles; unemployment high; Sibanye eyes NY; scientists discover early man in Bots

The government issued its big plan to save Eskom, but the details were a disappointment for many hoping to see faster, firmer action. In particular, Eskom’s debt burden hasn’t been dealt with, worry analysts. As Bloomberg reports, the plan includes exposing Eskom to greater competition, lowering fuel costs, increasing renewable-energy output and selling non-core assets. A policy paper released by Public Enterprises Minister Pravin Gordhan envisions Eskom Holdings SOC Ltd. relinquishing its almos

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SOUTH AFRICA: Water restrictions hit PGM belt

JOHANNESBURG - South Africa's platinum producers have been asked to reduce water usage, following restrictions that were implemented by the Rustenburg Municipality in the North West this month.

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SOUTH AFRICA: The lost platinum sector jobs are not coming back

  • Date: 24-10-19
  • Category: SOUTH AFRICA
  • Source: Daily Maverick

Should companies bear the burden of protecting unprofitable jobs, or should the government bear the burden of protecting the people? This question is now palpable in the platinum sector. It’s a hard question because it’s unlikely that jobs in the sector will return. Ultimately, the government should shoulder the burden on re-skilling because training is demand-driven, not supply-driven.

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SOUTH AFRICA: Eskom: We paid Deloitte R60-million for three weeks of work in two corrupt contracts

  • Date: 23-10-19
  • Category: SOUTH AFRICA
  • Source: Daily Maverick

Eskom implies in court papers that its own employees may have stolen McKinsey’s ideas and offered them to Deloitte, which then charged Eskom inflated fees for their implementation. Of course, this is not to say McKinsey might be a victim of corruption. Quite the contrary. It might just be a case of there being no honour among thieves — the scammers being scammed.

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SOUTH AFRICA: Case against Marikana mineworkers postponed to February

Mogwase - Anele Zonke and 16 other Marikana mineworkers facing multiple charges relating to the violent strike in 2012, briefly appeared in the North West High Court sitting in Mogwase on Friday.

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SOUTH AFRICA: South African power generation plan keeps coal in the mix

PRETORIA (Reuters) - South Africa’s plans to boost electricity generation over the next decade will be a mix of renewable energy and coal power, Energy Minister Gwede Mantashe said on Friday, as nationwide power cuts entered a third day.

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SOUTH AFRICA: Amcu issues stern warning to corporates that ‘steal from workers’

As the Association of Mineworkers and Construction Union (Amcu) gears up to take on Samancor Chrome on behalf of workers, the union’s president Joseph Mathunjwa has issued out a warning against multinational companies that “steal worker’s money”.

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SOUTH AFRICA: Two Mammoth Power Plants Are Sinking Eskom and South Africa

South Africa’s economy was roaring along in 2007 on the back of the global commodities boom when power shortages struck, bringing mines and smelters to a halt.

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