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RACE IS ON

By: Darlene Creamer 23rd July 2021 For South Africa to have any chance of extending its 2021 economic rebound into a full-blown multidecade recovery, an Olympian effort has to be made to vaccinate as many people as possible in as fast a time as possible. Much like the Covid-affected Tokyo Olympics, South Africa is in a real race.... →

DELTA BLOW

By: Darlene Creamer 16th July 2021 As the Delta variant blows through South Africa and many other countries, the good news is that the vaccines remain effective. The bad news is that South Africa’s slow pace of vaccination has left them unable to provide any meaningful protection against the third wave. Every effort now needs to... →

DELTA BLOW: As the Delta variant blows through South Africa and many other countries, the good news is that the vaccines remain effective. The bad news is that South Africa’s slow pace of vaccination has left them unable to provide any meaningful protection against the third wave. Every effort now needs to be made to ensure a rapid increase in the pace and scale of the vaccination drive, particularly as the supply constraints ease.

JABS & JOBS

By: Darlene Creamer 9th July 2021 There is little question that the mass Covid vaccination roll-out represents South Africa’s most important economic stimulus programme and will provide the foundation for job-creating investment. After a sluggish start and then some serious early setbacks, the programme is at last picking up... →

TRANSMISSION TRANSITION

By: Darlene Creamer 2nd July 2021 The creation, by year-end, of the Independent Transmission System and Market Operator, or ITSMO, is arguably the most important next reform required to align the electricity supply industry (ESI) with the unfolding energy transition. Without an efficient and, ultimately, fully independent... →

STEADY CLIMB

By: Darlene Creamer 25th June 2021 For years, South Africa has been promising reforms to stimulate growth, investment and jobs. Until this month, however, those pledges have not been translated into action. On June 10, President Cyril Ramaphosa took a big step when he announced a major electricity reform. A day later, Public... →

MONSTROUS CURVE

By: Darlene Creamer 11th June 2021 South Africa’s official unemployment rate increased to a terrifying 32.6% in the first quarter of 2021, the highest level since the report was introduced 13 years ago. On the expanded definition the picture is far worse, at 43.2%. Frighteningly, only 15-million of South Africa’s 39.5-million... →

MUSCULAR EFFORT

By: Darlene Creamer 4th June 2021 South Africa’s phased mass vaccination effort is finally under way, with health workers and people over 60 receiving priority under the initial stage of Phase 2. Success in scaling up the campaign so that the majority of the adult population is inoculated before year-end is now critical if a... →

PRICE GYRATIONS

By: Darlene Creamer 28th May 2021 The iron-ore price has come under the spotlight this month with both sharp daily gains and steep declines recorded. The volatility has led to questions about whether the iron-ore price is responding to super-cycle-type conditions, or whether it is simply riding a speculative roller-coaster. Time... →

WAVE WARNING

By: Darlene Creamer 21st May 2021 As South Africa faces a third Covid-19 wave, it’s crucial that we don’t let down our guard, despite the fact that we are all extremely tired of the living under ongoing restrictions. For now, mask wearing, physical distancing and hand hygiene remain our best defence ahead of a mass vaccination... →

WEIGHED DOWN

By: Darlene Creamer 14th May 2021 Opposition to the South African government’s awarding of preferred-bidder status to power ships as part of a recent electricity procurement bidding round continues to grow. Besides ongoing questions over whether it is technically, economically and environmentally sensible to be entering into... →

OWN GOAL

By: Darlene Creamer 7th May 2021 While football fans, especially in England, were angrily protesting a fatally flawed plan to create a closed-shop super league for a handful of elite European clubs, anger was growing in South Africa over the Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP), which is... →

ROAD LESS TRAVELLED

By: Darlene Creamer 30th April 2021 South Africa is big on shiny new things, including mega infrastructure projects. The country is less big, however, when it comes to maintaining that infrastructure across its full life cycle. While the recent fire at Johannesburg’s Charlotte Maxeke Academic Hospital put a spotlight on... →

HIKES & LEVIES

By: Darlene Creamer 23rd April 2021 The fuel price and power tariff hikes implemented at the start of this month bring back painful memories of surging energy prices ahead of the Covid-19 pandemic. They have also placed the spotlight on the additional taxes and levies that are included in South Africa’s fuel prices, as well as the... →

END OF THE BEGINNING

By: Darlene Creamer 16th April 2021 There is no question that South Africa has been sluggish in its preparations for a mass vaccination campaign to combat the Covid-19 virus. Nevertheless, the ‘end of the beginning’ is at last in sight, with the procurement of sufficient doses of both the Johnson & Johnson and Pfizer vaccines to... →

DEBT SHEDDING

By: Darlene Creamer 9th April 2021 The unsustainable nature of Eskom’s debt profile is well known. Less clear, however, is what should be done about it. The State-owned utility has indicated on several occasions that it would be able to wean itself off of ongoing taxpayer support with a debt burden that is half the current level... →

ROCK & HARD PLACE

By: Darlene Creamer 2nd April 2021 The ‘Rockman’ statue at the entrance to Eskom’s Megawatt Park head office in Johannesburg exemplifies the current difficult reality facing the State-owned utility. While its maintenance efforts are likely to improve the performance of its coal fleet in the short-term, a good portion of that fleet... →

(LOCK)DOWN MEMORY LANE

By: Darlene Creamer 26th March 2021 “From midnight on Thursday 26 March until midnight on Thursday 16 April, all South Africans will have to stay at home,” President Cyril Ramaphosa declared on March 23 in the first of what subsequently became known as his Covid-19 ‘family meetings’. With the benefit of hindsight, it is clear that... →

SPILLING THE TEA

By: Darlene Creamer 19th March 2021 The world was captivated, earlier this month, by Oprah Winfrey’s interview with the Duke and Duchess of Sussex, during which some piping hot Earl Grey was most definitely spilled. In South Africa, by contrast, the brew being served and spilled during the now regular... →

CLIFF-HANGER

By: Darlene Creamer 12th March 2021 The credibility of Finance Minister Tito Mboweni’s 2021 Budget hangs largely on the outcome of upcoming wage negotiations with public sector unions. There are serious doubts as to whether the proposed freeze on increases will be sustained. With the unions seeking inflation-plus hikes, South... →

WATER WORRIES

By: Darlene Creamer 5th March 2021 The South African Human Rights Commission’s scathing findings on Emfuleni’s dismal mismanagement of water infrastructure, which has resulted in serious pollution of the Vaal river, Gauteng's most vital water resource, is sadly not an isolated incident. A benchmarking survey of 144 municipal water... →

HEROIC EFFORT

By: Darlene Creamer 26th February 2021 Following the AstraZeneca vaccine setback, the arrival of the first batch of 80 000 doses of the Johnson & Johnson vaccine last week was a significant development. Equally significant was the speed at which the South African Health Products Regulatory Authority moved to approve the vaccine so... →

HEROIC EFFORT: Following the AstraZeneca vaccine setback, the arrival of the first batch of 80 000 doses of the Johnson & Johnson vaccine last week was a significant development. Equally significant was the speed at which the South African Health Products Regulatory Authority moved to approve the vaccine so that it could be rapidly dispatched to vaccination centres ahead of the start of the first phase of the vaccination campaign, which started on February 17. A heroic effort is now needed to secure far more doses so that all 1.3-million healthcare workers can be vaccinated ahead of the much-feared third wave.

PAINFUL JAB

By: Darlene Creamer 19th February 2021 South Africans should probably brace for pain when Finance Minister Tito Mboweni delivers his 2021 Budget speech later this month. If he holds to the consolidation path outlined in the Medium-Term Budget Policy Statement, there will be a squeeze from both sides: expenditure cuts and taxes. Some... →

DAUNTING PROSPECT

By: Darlene Creamer 12th February 2021 South Africans were naturally hoping that 2021 would be better than 2020. Unfortunately, it’s becoming clearer by the day that the obstacles to an economic recovery are even more daunting than initially feared. While the scale of the challenge is already clear for all to see, Finance Minister... →

INCLEMENT OUTLOOK

By: Darlene Creamer 5th February 2021 Although Cyclone Eloise did not disrupt South Africa’s already load-shedding-prone electricity network as much as initially feared, it nevertheless left serious destruction and death in its wake. It is not the only storm warning facing Southern Africa, however. The region is confronting gale-like... →

AWFUL START

By: Darlene Creamer 29th January 2021 Warnings of a severe Covid-19 second wave could not prevent it from crashing with deadly force onto South Africa in January. The virus spread rapidly partly because of a lack of strict adherence to tiresome, yet crucial, nonpharmaceutical protocols. It was spurred yet further by a new variant,... →

KEY TO ESCAPE

By: Darlene Creamer 22nd January 2021 The Covid-19 vaccine is the only realistic tool for escaping the deadly stranglehold the virus now has over us. Many South Africans are, thus, right to be concerned at the slow pace of vaccine procurement, as delayed access means delayed administration and a delayed return to full social and... →

BEYOND THE WAVE

By: Darlene Creamer 15th January 2021 South Africa begins 2021 amid the genuine risk of the Covid-19 virus surfing a second deadly wave. In the first half of the year, at least, diligent adherence to the normal nonpharmaceutical precautions will be vital if we are to ensure that business and educational activities are to resume. The... →

ESSENTIAL ACCESSORY

By: Darlene Creamer 11th December 2020 All of us are experiencing pandemic fatigue and are more than ready for a much-needed summer holiday. Despite indications that a vaccine is on the way, it is still not the time to let our guard down. Until the vaccine has been widely deployed, face masks remain the best protection we have against... →

WE HAVE A PROBLEM

By: Darlene Creamer 4th December 2020 During the early days of television, the South African Broadcasting Corporation would react to signal interruptions by displaying the test pattern and running a voiceover stating: “We have a problem, please be patient!”. There has been massive disruption to the industry since those days and the... →

DEEP HOLE

By: Darlene Creamer 27th November 2020 South Africa’s official unemployment rate hit a record high of 30.8% in the third quarter, with the expanded definition of unemployment, which includes discouraged work seekers, rising to a catastrophic 43.1%. Joblessness has been this country’s biggest problem for decades, fuelling the twin... →

OUT OF RUNWAY

By: Darlene Creamer 20th November 2020 It’s now painfully clear that the controversial decision to allocate a further R10.5-billion to South African Airways (SAA) will not be sufficient to get the grounded national carrier flying again. Public Enterprises Minister Pravin Gordhan has indicated that it will be up to the much-vaunted... →

WAVE WARNING

By: Darlene Creamer 13th November 2020 Although many more South Africans may well have contracted Covid-19, absent any symptoms, than the official statistics suggest, we are not out of the woods. Indeed, the holiday season holds perils for the health system that may well only display themselves in early 2021. Yes, a vaccine may be on... →

RADICAL REALIGNMENT

By: Darlene Creamer 6th November 2020 Transnet CEO Portia Derby has promised that the State-owned group will overhaul its approach to the concessioning of port and rail opportunities. Its current model has been deemed far to slow and cumbersome and has yielded only a handful of private-sector participation projects over several... →

PLUGGING IN

By: Darlene Creamer 30th October 2020 The Gazette notice amending electricity regulations to allow municipalities in good financial standing to develop or buy their own power could be a game changer. There are concerns, though, that the amendments may be too restrictive, as they require municipalities to jump through several hoops to... →

MISSING INGREDIENTS

By: Darlene Creamer 23rd October 2020 Despite moonlighting as a Twitter chef, Finance Minister Tito Mboweni simply lacks the key ingredients of growth and revenue to make South Africa’s fiscal position appear hearty and healthy. The Covid-19 pandemic, which has precipitated a steep fall in revenue and a surge in debt, is also... →

CONVICTIONS NEEDED

By: Darlene Creamer 16th October 2020 The recent spate of arrests related to various instances of alleged corruption has been treated with a mixture of delight and circumspection. Despite most of these arrest coming far too late, many citizens are nevertheless pleased to see that action is at last being taken. That delight is tainted... →

THE OTHER LOCKDOWN

By: Darlene Creamer 9th October 2020 The move to a Level 1 Covid-19 lockdown, including the opening up of borders, will help the South African economy to begin its painful recovery from the pandemic. The ongoing threat of load-shedding will make it difficult, however, for the country to make a clean break from the low-growth,... →

WALKING A TIGHTROPE

By: Darlene Creamer 2nd October 2020 South Africa has, correctly, transitioned to a Level 1 Covid-19 lockdown, with its healthcare system showing little sign of being overwhelmed and its economy in dire need of a jumpstart. It should not be a signal that the virus no longer poses a threat. This, despite indications that South Africa... →

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