Archive for year: 2021

Above-inflation increases to South Africa’s electricity and water prices pose a risk to the consumer inflation outlook and could trigger a rise in lending rates, the central bank said on Wednesday. “These risks, should they materialise, could drive headline above the 4.5% target midpoint and possibly dislodge inflation expectations away from the midpoint,” the bank said in its bi-annual Monetary Policy Review.

South Africa’s Hydrogen Society Roadmap (HSRM) will be presented for Cabinet approval either before the end of the year or early next year and should outline how the country’s resource advantages should be leveraged to produce green hydrogen, as well as to integrate hydrogen-related technologies, such as fuel cells, into various sectors of the economy. Department of Science and Innovation chief director for hydrogen and energy, Dr Rebecca Masemurule says the HSRM is likely to emphasise the centrality of renewable energy not only in the production of clean electricity, but also to produce competitive green fuels that can be used to decarbonise hard-to-abate sectors, such as land and marine freight logistics, as well as the manufacture of steel, cement and chemicals.

Under siege Seriti Resources whose impending acquisition of South32 coal mines has raised calls for an investigation has dismissed the complaints against it as “vague” lacking substance. The black-owned coal miner has found itself embroiled in a storm after trade unions  flagged some aspects of the transactions as questionable.

Poultry producer Astral Foods has obtained a High Court order against government and the National Treasury over the nondelivery of basic water and electricity supply services within the Lekwa (Standerton) municipality. In terms of the Order issued on April 12, government will be required to intervene in the Lekwa municipality and, together with Treasury, wprepare a financial recovery plan, as contemplated in the Municipal Finance Management Act.

The advantages of green hydrogen technology to meet South Africa’s goals of transitioning to a lower carbon energy sector appear “uncontested”, says law firm Cliffe Dekker Hofmeyr (CDH). To qualify as a form of clean energy technology (one that does not contribute to greenhouse-gas emissions and climate change), the electricity used in the electrolysis process of making hydrogen must be derived from renewable energy technology – thereby creating so-called “green hydrogen”.