National state of disaster: How the ANC plans to end load shedding by year’s end
(News24) — The ANC still thinks it may be possible to end load-shedding by the end of the year. Secretary-general Fikile Mabalula said the party sees a declaration of a national state of disaster as critical to accelerating the end of power cuts. Mbalula said it would help to speed up funding and procurement at Eskom. READ MORE.
National state of disaster for Eskom could grease the gears of corruption, warns expert
(MyBroadband) — Energy expert Chris Yellen says a state of disaster has the potential to be abused if the wrong decisions are taken and cites the corrupt actions that took place during the Covid-19 state of disaster as an example. Yellen said he proposed a state of disaster eight months ago with the necessary steps that should be taken to end load-shedding. READ MORE.
Here is the official petrol price for February
(BusinessTech) — Petrol increased overnight after the department of mineral resources and energy published the official price adjustment yesterday. Unleaded 93 costs 28 cents a litre more while unleaded 95 increased by the same margin. Diesel 0.05% increased by just 9 cents a litre while diesel 0.005% decreased by one cent. Paraffin is now 58 cents more expensive. READ MORE.
What’s happening in the markets?
(Business Day) — The JSE closed weaker after investors turned cautious and weigh central bank’s interest rate decisions and earnings reports out of the US. The All-Share Index closed the session 1.06% weaker at 79,477 points. The local bourse has started the new year on the front foot, closing out January 8.8% higher. At 05:35, the rand was trading stronger at R17.41/$. READ MORE.
