Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » ‘South Africa plans to end load-shedding in 12-18 months’

    ‘South Africa plans to end load-shedding in 12-18 months’

    January 17, 2023
    Share
    Facebook Twitter LinkedIn WhatsApp
    South Africa’s Finance Minister Enoch Godongwana speaks during his medium term budget policy statement in Cape Town, South Africa, October 26, 2022. REUTERS/Esa Alexander

    Davos, Switzerland — South Africa has a plan to improve energy provision that will end the need for any power cuts within the next 12-18 months, ITS Finance Minister, Enoch Godongwana said on Monday.

    “Eventually in the next 12-18 months we will be able to say load-shedding is a thing of the past. That is the target,” Godongwana, told Reuters on the sidelines of the World Economic Forum (WEF) in the Swiss resort of Davos.

    Godongwana said so-called “stage 6” power cuts – which mean at least six hours a day without power for most South Africans – would no longer be needed within about five months as facilities are revamped and measures such as demand management take effect.

    However, asked whether state-owned power utility Eskom could expect to be allocated more cash for diesel to help reduce the level of power cuts, he said: “I don’t think Eskom has a diesel problem, I think Eskom has got a management problem.”

    Referring to a move last week by South Africa’s energy regulator to approve an 18.65% power price rise for the financial year starting on April 1, he said: “I suspect it is going to give them (Eskom) sufficient resources to be able to deal with all of that stuff.”

    Godongwana insisted the rand, which earlier on Monday fell against the dollar as investors worried about the power supply situation, “has proven to be resilient”, but he said South Africa needed to better communicate that it was tackling the problem.

    President Cyril Ramaphosa, who earlier cancelled plans to attend the annual WEF meeting over the crisis, would refer to those efforts in his Feb. 9 state of the nation address, said Godongwana.

    He would not elaborate on proposals for the state to take on a share of Eskom’s 400 billion rand ($23.5 billion) debt, saying he was “sharpening his pencil” to provide the details on his Feb. 23 budget presentation.

    ($1 = 17.0312 rand)

    *Mark John; Editing: Alexander Smith – Reuters

    Follow us on twitter

    Related News

    Schneider Electric’s Panel Builder Programme empower local builders

    China pushes ahead in battery technology race

    Africa’s solar boom: What businesses must do now to reap the benefits

    E-book
    Resilience Exhibition

    Latest News

    InterContinental Energy’s P2(H2) Node™ system cuts green hydrogen costs

    May 12, 2025

    Rivers women demand urgent action against sea piracy

    May 12, 2025

    Troops uncover 15km oil theft pipeline in Rivers state

    May 12, 2025

    ‘Africa must control clean energy future, not just supply raw minerals’

    May 12, 2025

    Nigeria moves to dominate Africa’s trade, inaugurates MSME committee

    May 12, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.