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Energy regulator grants Eskom approval to claw back R13.3bn in tarriffs

by sundelbolong | May 15, 2020 | Business & Finance News

The National Energy Regulator of South Africa (Nersa) has granted Eskom approval to recover R13.3 billion as part of the power utility’s regulatory clearing account (RCA) application for the 2018/19 year. The RCA application is a mechanism which allows Eskom to...

Coronavirus: Mantashe issues guidelines for energy, petroleum sectors

by sundelbolong | May 15, 2020 | Business & Finance News

The construction of renewable energy power plants and Eskom’s new build programme which includes power stations Medupi and Kusile, will officially be allowed during lockdown, according to guidelines issued by Mineral Resources and Energy Minister Gwede Mantashe....

Restaurants form lobby group as lockdown takes a big bite out of business

by sundelbolong | May 15, 2020 | Business & Finance News

Sit down restaurant chains have come together under the banner of a new lobby group – the Restaurant Collective – to advance a set of proposals regarding business activity under Level 3 lockdown in the sector, which has been rocked by the novel coronavirus. The...

SAA racks up over R10 billion in losses in two years

by sundelbolong | May 15, 2020 | Business & Finance News

SAA’s financial losses total more than R10 billion over the past two years, according to documents submitted to Parliament. The airline’s business rescue practitioners and Public Enterprise Minister Pravin Gordhan briefed the Standing Committee on public...

SA wine producers ‘fearful and frustrated’, losing R300 million per week

by sundelbolong | May 15, 2020 | Business & Finance News

South African wine producers are “fearful and frustrated” due to the ban on alcohol sales during lockdown, as well as the initial stop-and-go approach government had to the export of wine. This is according to Nicolò Pudel, co-founder of Port2Port.wine, a...
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