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ESKOM: Eskom repairs will take 18 months so brace for power cuts — Eskom CEO

  • Date: 01-02-20
  • Category: ESKOM
  • Source: Dispatch Live

Eskom expects that the maintenance programme to fix its generation infrastructure will carry on for about 18 months.

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AUTO SALES: Automakers brace for crisis as coronavirus wreaks havoc in China

  • Date: 31-01-20
  • Category: AUTO SALES
  • Source: Auto News

PARIS/TOKYO -- Forget about clinging to hopes that China, the world's largest car market, will recover from its unprecedented two-year slump anytime soon. Though concrete estimates on the financial toll of the coronavirus outbreak are still scarce, signs are emerging that the final cost will far outweigh that of the 2003 SARS epidemic, when China's auto market was one-sixth the size it is today and smaller than that of Japan.

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ESKOM: Eskom’s De Ruyter opens account with warning to brace for more frequent, heavier load-shedding

  • Date: 31-01-20
  • Category: ESKOM
  • Source: Energy MX

SOUTH Africa’s beleaguered power utility, Eskom, told its customers to brace for regular rotational power cuts over the next 18 months as it embarks on an aggressive maintenance plan to overhaul its ageing coal-fired plants and halt a prolonged period of unexpected breakdowns.

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SOUTH AFRICA: Tax boost to government as mineral prices soar

Rocketing platinum group metal (PGM) prices, especially palladium, is good news for the government as well as for shareholders of the companies that produce them.

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ESKOM: Eskom CEO appoints board for planned division into 3 units

  • Date: 31-01-20
  • Category: ESKOM
  • Source: Nasdaq

JOHANNESBURG, Jan 31 (Reuters) - Eskom's new chief executive said on Friday he was in the process of appointing boards for the planned break-up of South Africa's state power utility into separate units for generation, transmission and distribution.

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PGM PRODUCERS: Mining Veteran’s $2.2 Billion Palladium Bet to Pay Dividends

When dealmaker Neal Froneman acquired Stillwater Mining Co. three years ago, critics lined up to say he had overpaid for the palladium producer. Now, his $2.2 billion bet on the metal is set to pay off for Sibanye Gold Ltd. investors. 

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PGM PRODUCERS: Sylvania Platinum quarterly profit falls amid power, water shortages

Sylvania Platinum said its net profit fell 11% in the second quarter compared to the first, amid a fall in output pinned on power and water shortages.

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ELECTRIC VEHICLES: Hyundai aims to be Europe's top EV producer

Hyundai aims to be the biggest producer of electric cars in Europe this year after launching output of a battery-powered version of the Kona at its Czech Republic plant.

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