President Cyril Ramaphosa announced on Thursday that Schedule 2 of the Electricity Regulation Act would be amended within the next three months to increase “the licensing threshold for embedded generation”. The current licence-exemption cap is set at 1 MW, with projects above that size required to follow a licensing process with the National Energy Regulator of South Africa that has been designed primarily for utility scale investments.
Domestic appliance manufacturer Defy on February 11 launched its latest innovation, the Solar Hybrid fridge and freezer products, during a virtual event. The product range includes a fridge and a chest freezer, both of which use solar and grid power.
Power management solutions company Eaton welcomes a move by the European Union (EU) away from sulphur hexafluoride- (SF6-) based electrical switchgear toward more environment-friendly alternatives.
Eaton power division business development manager Marcel Buckner, presenting during a webinar on the subject of SF6 switchgear on February 11, says such gear was developed during the 1960s as a better alternative to oil but that leakage of the odourless and colourless gas from gear is polluting the environment.
In the recent past, environmental, social and governance (ESG) criteria were predominantly focused on environmental impact and related governance issues, such as climate change.
However, since the Covid-19 pandemic has affected the everyday lives of people across the world, more companies are realising the importance of the social and governance aspects of ESG, says diversified miner Exxaro Resources CEO Mxolisi Mgojo, who is also president of the Minerals Council South Africa.
A much improved trading environment has enabled investment and property holding company ARB Holdings to achieve increases across the board during the six months ended December 31, 2020. Following a year of lockdowns and restrictions amid a global pandemic which dragged the company’s 2020 full year results, ARB has “bounced back” from the adverse conditions to report a solid performance in the first half of the year.
Failure by the 2015 Eskom board to interrogate the submission to authorise a R1.68-billion prepurchase payment to a Gupta-owned company cast doubt on the directors prudence, with State Capture Commission chairperson Deputy Chief Justice Raymond Zondo going as far as calling them negligent on Wednesday. The board had approved the transaction as part of a contract to secure continued coal supply by the Optimum Coal Mine, which was on the verge of changing hands. The mine, formerly owned by Glencore, was at the time in the throes financial ruin and undergoing business rescue. Tegeta Exploration and Resources, a Gupta-linked company, had been lining up to buy the mine.
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