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Daily Podcast – July 27, 2022


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Daily Podcast – July 27, 2022

27th July 2022

By: Thabi Madiba
Creamer Media Senior Research Assistant and Reporter


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For Creamer Media in Johannesburg, I’m Thabi Madiba.

Making headlines: Botswana offers off-peak electricity to supplement Eskom supply; ANC says members implicated in State capture report must face Integrity Commission; And, Some relief with 'sizeable' fuel price cuts coming



Botswana offers off-peak electricity to supplement Eskom supply


After President Cyril Ramaphosa announced an intention to import electricity from neighbouring countries to supplement South Africa's constrained power supply, Botswana wants South Africa to even buy more from it.

Botswana Power Corporation wants Eskom to buy its off-peak generated power since electricity can't be stored on any scale and fluctuation can put strain on generators.

Through the Maduo26 strategy, a five-year plan launched last year, Botswana intends to achieve its vision of becoming "a regional benchmark in electricity supply" by 2026.

So far, BPC said, it has been meeting local energy needs during off-peak hours. It is therefore "able to export excess power to the region".


ANC says members implicated in State capture report must face Integrity Commission

The African National Congress is giving those members implicated in the State capture report two months to present themselves to the party’s Integrity Commission.

The ANC said that while some of the findings in the report were unsettling for the party, it was using the report to identify and address shortcomings.

Implicated members are being urged to immediately approach the Integrity Commission, which has six months to complete its work, or face disciplinary action.

The ANC has devised an “action plan” to immediately respond to the State capture report.


And, Some relief with 'sizeable' fuel price cuts coming

The department of mineral resources and energy confirmed today that South Africans will be getting some relief at the petrol pumps with fuel price cuts in August.

According to the latest data from the Central Energy Fund, petrol prices currently look set for cuts of between R1.19 and R1.22 per litre, depending on the grade of fuel.

Diesel could be reduced by more than 80c – if the oil price and rand exchange rate remain at current levels.

In July prices were hiked by more than 10%.

The fuel levy reduction, which attempted to cushion consumers from the impact of skyrocketing oil prices, will however be coming to an end on 2 August. The temporary reduction of R1.50 per litre came into effect in April. It was reduced to 75c per litre in July.


That’s a roundup of news making headlines today

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