Tariff hike won’t save Eskom – it needs structural reform, says DA’s Steenhuisen
(Daily Maverick) – The Democratic Alliance filed papers at the Gauteng High Court on Thursday, which seeks to interdict the National Energy Regulator’s 18.65% electricity tariff increase. READ MORE.
City Power has no mini-substations because of theft and load-shedding
(Times LIVE) – Hundreds of households supplied by City Power will run out of electricity for a few days because the power utility does not have any mini-substations to replace the ones it has lost due to vandalism or that have been damaged because of load-shedding. READ MORE.
Tribunal dismisses bid to unfreeze assets linked to lottery corruption
(News24) – The special tribunal has dismissed an application by non-profit organisation Inqaba Yokulinda to unfreeze assets in case that is linked to alleged fraud at the National Lotteries Commission. The Special Investigating Unit was granted a preservation order against the NPO, an IT group and five individuals last February. READ MORE.
What’s happening in the markets?
(Business Day) – Renewed recession fears weighed on investors as both the JSE and rand slipped during trade on Thursday. The JSE All Share Index lost 0.45% to close at 75,505 points while the rand had weakened to R17.3539/$. At 05.41 am, the rand is currently trading at R17.2576/$. READ MORE.
