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Kim Cloete

Eskom warns of 'debt trap' as it pleads for 15% hike

14th January 2019 Eskom CEO Phakamani Hadebe has apologised for the severe predicament Eskom is in, but has pleaded for an electricity tariff increase of 15% over the next three years.   Hadebe made the call at the opening of public hearings into electricity tariffs held by the National Energy Regulator of South... 

Council for Geoscience to finalise its data policy

14th December 2018 The Council for Geoscience (CGS) says it is will be finalising its data policy early next year following a moratorium on its geophysical data. The council put a moratorium on geophysical data after it discovered that someone had sold some of its data.   

DMR hopeful about shale gas prospects

14th December 2018 The Department of Mineral Resources (DMR) and the Council for Geoscience (CGS) are upbeat about the prospect of shale gas in the Karoo. “Gas formations are starting to show already,” Mineral Resources Minister Gwede Mantashe told oil and gas investors at an event in Cape Town on Thursday. He said... 

Mantashe wants separated oil and gas Bill fully prepared for sixth Parliament

14th December 2018 Mineral Resources Minister Gwede Mantashe has announced he will amend the moratorium currently in place for the oil and gas sector, to allow for the processing of applications currently in the system. The moratorium, which was originally put in place in June, restricts the granting of... 

Attracting investors to green technology in the Atlantis SEZ

7th December 2018 The Atlantis Special Economic Zone (SEZ), which has been launched by President Cyril Ramaphosa, has already attracted R680-million in investment and created 312 jobs.  A large slice of the investment was contributed by wind tower manufacturer Gestamp Renewable Industries. 

Education, Health, Public Works finances in a bad state

7th December 2018 Auditor-General Kimi Makwetu has warned that the financial health of the provincial departments of health, education and public works are in a bad way and need urgent intervention. “Urgent intervention is needed to prevent the collapse of these key service delivery departments,” said Makwetu in... 

Audit outcomes of State-owned entities regress

7th December 2018 The audit outcomes of State-owned entities (SOEs) have regressed over the past financial year compared with both the previous year and 2014/15. The 2017/18 general report for the Auditor-General South Africa (AGSA) said there was an increase in noncompliance of the 16 SOEs it audited. It also... 

Shocking decline in audit results of government departments

7th December 2018 The Auditor-General has been given more powers to crack down on national and provincial government department and their entities. This follows another year of overall decline in their audit results, with a rise in wasteful and irregular expenditure and weak financial controls. Releasing his... 

Ramaphosa launches Atlantis SEZ

6th December 2018 President Cyril Ramaphosa has officially launched the Atlantis Special Economic Zone (SEZ) in the Western Cape, with the goal of making it "a launching pad for economic growth" in the region. “A combined R1.8-billion is expected to be invested in the SEZ by 2022. In the short to medium-term, the... 

Big plans afoot for training more young people in renewable energy

30th November 2018 The South African Renewable Energy Technology Centre (Saretec), which provides training for wind turbine service technicians and which has recently expanded into training solar photovoltaic (PV) installers, has been officially launched in Cape Town. The sophisticated and state-of-the-art training... 


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