Cape Town Mayor Geordin Hill-Lewis has announced that 15 commercial electricity suppliers will start wheeling electricity through Cape Town’s grid in July. The city’s Mayoral Committee has greenlit the project that will allow third parties to sell electricity using Cape Town’s grid infrastructure, as part of a long-term project to reduce the impact of Eskom loadshedding.
CEOs from some of South Africa’s largest companies – including Sasol’s Fleetwood Grobler, Anglo American’s Nolitha Fakude, former Exxaro CEO Mxolisi Mgojo, Toyota South Africa’s Andrew Kirby, Remgro’s Jannie Durand, Sibanye-Stillwater’s Neal Froneman and Sanlam’s Paul Hanratty – have agreed to lead workstreams set up to support government in tackling the country’s prevailing crises in the energy and transport sectors, as well as debilitating levels of crime and corruption. Following a meeting between organised business and government on June 6, an agreement was reached to form a partnership to tackle the three issues, which have emerged as major obstacles to growth, development and job creation.
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