Bank sees load-shedding, factionalism impeding strong fixed-investment recovery in 2021

A leading bank economist expects fixed investment in South Africa to remain muted in 2021, weighed down by ongoing power shortages, political uncertainty and the Covid-19 pandemic. Standard Bank chief economist Goolam Ballim forecasts that investment levels will pick up in 2022, however, spurred by a recovery in global economic growth, as well as a rise in consumer confidence as the health and economic impacts of the pandemic taper in line with mass vaccination campaigns.
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Solarise Africa adds Rwanda, Uganda, Zambia to renewable leasing solutions

Renewable energy leasing solutions company Solarise Africa has announced its expansion into Rwanda, Uganda and Zambia after signing a partnership agreement with turnkey energy services company Centennial Generating . The partnership adds seven projects in Rwanda, spread across the education, healthcare, retail, manufacturing, hospitality and agriculture sectors; two projects in Zambia; and one upcoming project in Uganda to the Solarise Africa portfolio.
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Eskom to implement Stage 3 load-shedding from 13:00

Power utility Eskom say sit will implement Stage 3 load-shedding from 13:00 on February 10 to 06:00 on February 11. This is necessary as the power generation system is still severely constrained as a result of high generation unit breakdowns during the past three days, as well as the need to replenish diminishing emergency generation reserves, it states.
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