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R100bn to be injected into infrastructure fund over ten years

R100bn to be injected into infrastructur...

National Treasury will be reprioritising resources towards President Cyril Ramaphosa’s infrastructure fund and away from the wage bill, Finance Minister Tito Mboweni said on Wednesday, with government committing R100-billion over the next decade towards the building and operation of key infrastructure assets. In several instances, the private sector will be responsible for the design, build and operation.Dubbing the infrastructure fund as “a central pillar of the Budget and of reprioritisation”, Mboweni stated that it would accelerate R526-billion worth of on-Budget projects by bringing in the private sector and the development finance institutions.During 2019/20, R625-million is allocated...

National Treasury will be reprioritising resources towards President Cyril Ramaphosa’s infrastructure fund and away from the wage bill, Finance Minister Tito Mboweni said on Wednesday, with government committing R100-billion over the next decade...

National Treasury will be reprioritising resources towards President Cyril Ramaphosa’s infrastructure fund and away from the wage bill, Finance...

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Radebe says IRP to be finalised in March and promises to address IPP issues soon

Radebe says IRP to be finalised in March...

Energy Minister Jeff Radebe listed the finalisation of the Integrated Resource Plan IRP for electricity as South Africa’s main energy priority and indicated on Tuesday that the policy should be approved in March.Speaking on the sidelines of the 2019 edition of Africa Energy Indaba he said he would be meeting the business and labour constituencies at the National Economic Development and Labour Council on March 5 and expected the IRP to be finalised soon thereafter. During an earlier panel discussion, Radebe also made reference to the high cost of the renewable-energy projects procured during the first two bid windows of the Renewable Energy Independent Power Producer Procurement...

Energy Minister Jeff Radebe listed the finalisation of the Integrated Resource Plan IRP for electricity as South Africa’s main energy priority and indicated on Tuesday that the policy should be approved in March.Speaking on the sidelines of the 2019...

Energy Minister Jeff Radebe listed the finalisation of the Integrated Resource Plan IRP for electricity as South Africa’s main energy priority and...

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Raubex warns of 20% drop in FY earnings

Raubex warns of 20% drop in FY earnings

Infrastructure development and construction materials group Raubex has warned that its earnings for the financial year ended February 2019, will fall by at least 20%, owing to continued weak trading conditions in the South African construction industry, particularly in the road construction sector.The JSE-listed firm said on Tuesday that its earnings a share would fall by at least 46.7 a share, from 233.5c a share in 2017, and that its headline earnings a share would decline by 45.7c, from 228.6c in the previous corresponding period.The weak trading conditions during the second half of the financial year had negatively impacted on Raubex subsidiaries, both in the road construction...

Infrastructure development and construction materials group Raubex has warned that its earnings for the financial year ended February 2019, will fall by at least 20%, owing to continued weak trading conditions in the South African construction...

Infrastructure development and construction materials group Raubex has warned that its earnings for the financial year ended February 2019, will fall...

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New statistics point to renewables playing a role in load-shedding mitigation

New statistics point to renewables playi...

Newly released statistics on the performance of South Africa’s small, but expanding, renewable-energy fleet point to a positive contribution from the country’s wind and solar plants during those hours towards the end of 2018 when Eskom resorted to load-shedding. Compiled by the Council for Scientific and Industrial Research CSIR Energy Centre, the statistics highlight a particularly strong correlation between the daily generation profile of the country’s 1 479 MW solar photovoltaic PV fleet and the times of the day that load-shedding occurred in June, July, November and December.In total, Eskom resorted to rotational power cuts on 12 days last year, equating to 128 hours of either Stage 1 1...

Newly released statistics on the performance of South Africa’s small, but expanding, renewable-energy fleet point to a positive contribution from the country’s wind and solar plants during those hours towards the end of 2018 when Eskom resorted to...

Newly released statistics on the performance of South Africa’s small, but expanding, renewable-energy fleet point to a positive contribution from the...

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