Standard Bank not expecting major fiscal slippage despite election pressures

Standard Bank chief economist Goolam Ballim does not anticipate “material fiscal slippage” in the 2024 Budget, despite expenditure pressures associated with the upcoming elections, as well as calls for additional support for Transnet, whose underperformance alongside ongoing power cuts and water disruptions continue to throttle growth and investment. Delivering his yearly economic outlook, Ballim acknowledged that there was likely to be some fiscal slippage relative to the forecasts provided by Finance Minster Enoch Godongwana in his Medium-Term Budget Policy Statement.
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Jan Oberholzer appointed director of renewable energy project developer JER Group

Sub-Saharan Africa renewable energy project developer Jearrard Energy Resources (JER) Group has appointed former Eskom executive Jan Oberholzer as nonexecutive director. Oberholzer brings a wealth of knowledge of the energy sector in Africa to JER, continuing to strengthen the capability and knowledge base of the board.
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Zero Carbon Charge signs R1bn deal to bring EV superchargers to South Africa

Renewable energy-powered electric vehicle (EV) charging station company Zero Carbon Charge has signed a memorandum of understanding (MoU) with Chinese energy storage systems manufacturer Shanghai Magic Power Tech Co, also known as Magic Power, and its local partner Greencore Energy Solutions, to build and import the first-of-its kind integrated supercharging systems for its 120 renewable charging stations currently being rolled out across South Africa. This will allow customers at Zero Carbon Charge’s off-grid, solar-powered charging stations to charge any EV at its maximum charging rate.
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