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    MAY HER SOUL REST IN PEACE 🙏 Veteran entertainment columnist and talent manager Lolit Solis has passed away. She was 78 years old. https://tinyurl.com/6kumarkx | LatestChika.com – Facebook

    Beloved Entertainment Icon Lolit Solis Passes Away at 78 – A Life Remembered with Love and Respect 🙏

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    BTS Announce Their Big Return and Yes, They Already Have Some Major Plans in the Works – Yahoo

    BTS Announce Their Big Return and Yes, They Already Have Some Major Plans in the Works – Yahoo

    Nantucket Dance Festival opens July 8 – The Inquirer and Mirror

    Nantucket Dance Festival Launches with Thrilling Performances Beginning July 8

    A Secret Society, Ritualistic Killings, and a Century-Old Curse Netflix and YRF Entertainment’s ‘Mandala Murders’ Premieres July 25 – About Netflix

    A Secret Society, Ritualistic Killings, and a Century-Old Curse: Dive into the Chilling World of ‘Mandala Murders’ Premiering July 25

    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

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    PAP Boss to Niger Delta Youths, Stay Away from the Protest

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    MAY HER SOUL REST IN PEACE 🙏 Veteran entertainment columnist and talent manager Lolit Solis has passed away. She was 78 years old. https://tinyurl.com/6kumarkx | LatestChika.com – Facebook

    Beloved Entertainment Icon Lolit Solis Passes Away at 78 – A Life Remembered with Love and Respect 🙏

    Neil Young Plays Rare Full-Band ‘Ambulance Blues’ With The Chrome Hearts – Yahoo

    Neil Young Stuns Fans with Rare Full-Band Performance of ‘Ambulance Blues’ Alongside The Chrome Hearts

    BTS Announce Their Big Return and Yes, They Already Have Some Major Plans in the Works – Yahoo

    BTS Announce Their Big Return and Yes, They Already Have Some Major Plans in the Works – Yahoo

    Nantucket Dance Festival opens July 8 – The Inquirer and Mirror

    Nantucket Dance Festival Launches with Thrilling Performances Beginning July 8

    A Secret Society, Ritualistic Killings, and a Century-Old Curse Netflix and YRF Entertainment’s ‘Mandala Murders’ Premieres July 25 – About Netflix

    A Secret Society, Ritualistic Killings, and a Century-Old Curse: Dive into the Chilling World of ‘Mandala Murders’ Premiering July 25

    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

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    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

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    Environmental cognitive distance, R&D capability distance, and supply chain green technology innovation – Nature

    Bridging Gaps: How Environmental and R&D Differences Drive Green Technology Innovation in Supply Chains

    LG Innotek CEO Moon Hyuksoo: “Our Next-gen Substrate Technology Will Change the Industry Paradigm” – TechPowerUp

    LG Innotek CEO Moon Hyuksoo: “Our Next-Gen Substrate Technology Will Revolutionize the Industry” Revolutionizing the Future: LG Innotek’s CEO Unveils Game-Changing Next-Gen Substrate Technology

    Inspira Technologies Secures Landmark $22.5M Deal: Major Revenue Breakthrough After FDA Clearance – Stock Titan

    Inspira Technologies Secures Landmark $22.5M Deal: Major Revenue Breakthrough After FDA Clearance – Stock Titan

    Meiwu Technology Company Limited and Shenzhen Zhinuo – GlobeNewswire

    Meiwu Technology Company Limited and Shenzhen Zhinuo – GlobeNewswire

    Owls inspire new revolutionary noise reduction technology – KTEN

    Owls inspire new revolutionary noise reduction technology – KTEN

    New center coming to Mizzou will focus on energy research and technology – Columbia Missourian

    Mizzou Launches Innovative New Center Dedicated to Energy Research and Technology

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Power struggle: Eskom takes Joburg’s City Power to court over R1bn owed

May 8, 2024
in Business
Power struggle: Eskom takes Joburg’s City Power to court over R1bn owed
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In South Africa, the battle over power payments heats up as Eskom takes City Power to court for over R1 billion owed. This clash comes amidst a surprising streak of uninterrupted electricity, sparking suspicion and scrutiny just ahead of crucial elections. While political parties debate the reasons behind this power stability, initiatives like GoSolr, backed by billionaire Patrice Motsepe, are stepping in to beat blackouts with a massive investment in solar solutions, signalling a potential shift in the nation’s energy landscape.

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By Mpho Hlakudi

Eskom Holdings SOC Ltd. has asked the High Court to compel Johannesburg’s energy utility, City Power, to pay 1.073 billion rand ($58 million) it owes South Africa’s state-owned power company, it said in a statement on X.

“This dire situation not only undermines Eskom’s financial sustainability but also threatens its ability to maintain essential infrastructure, invest in new technologies and meet the growing energy demands of the province.” it said.

The case will be heard June 4.

S. Africa Power System Improvement Ongoing: Electricity Minister (May 6, 12:39 p.m.)

South Africa has had no power cuts for 40 days as Eskom’s “machines are performing better,” Electricity Minister Kgosientsho Ramokgopa said in online briefing.

The improved performance is expected to continue this month, he added.

 Read More: S. Africa Power System Improvement Ongoing: Electricity Minister

The Lights Are On in South Africa and Many People Are Suspicious (May 3, 7 a.m.)

South Africa’s rare streak of uninterrupted electricity right before elections has been drawing more suspicion than praise in a nation that’s become accustomed to almost daily power cuts that have dragged on for years.

The recovery coincides with political parties ramping up their campaigns before the May 29 vote, in which the ruling African National Congress risks losing its parliamentary majority for the first time in three decades. Almost two-thirds of people in a BrandMapp-Silverstone survey last year said they’d consider not voting for the ANC because of power cuts.

The main opposition, the Democratic Alliance has put the improved power supply down to the state quadrupling the billions of rands it spends on diesel to run emergency plants over the past four years. The government insists it’s the result of the work state utility Eskom has done on repairing its facilities.

South Africa Factory Mood Surges to Near Two-Year High (May 2, 11:37 a.m.)

A gauge measuring South African manufacturing sentiment rebounded to a near two-year high, boosted by a full month without power cuts for the first time since January 2022 and improved domestic demand.

Absa Group Ltd.’s purchasing managers’ index, compiled by the Bureau for Economic Research, exited contraction territory and climbed to 54 in April, compared with 49.2 the prior month. Analysts surveyed by Bloomberg expected the index to edge to 50.5.

Read more: Bagraim: ANC’s ‘existential’ threat to estate agents via BEE ownership an election ploy, unconstitutional

Billionaire-Backed GoSolr Expands to Beat South Africa Blackouts (May 2, 7 a.m.)

GoSolr, a company backed by South African billionaire Patrice Motsepe and the continent’s biggest bank, plans to spend 10 billion rand ($537 million) to roll out a model of renting solar panels and batteries to homes in the nation plagued by blackouts. 

The two-and-a-half-year-old company seeks to install about 500 megawatts of solar-generation capacity in four years. That’s up from its current 70 megawatts, said Andrew Middleton, GoSolr’s chief executive officer. It has attracted investment and financing from Motsepe’s African Rainbow Capital Investments Ltd. and Standard Bank Group Ltd. 

Read also:

Don’t let Gaza conflict distract from Iran’s hypocrisy and repression: Marc Champion
Ramaphosa confident that ANC government can tackle debt crisis ahead of crucial election
SA’s crime crisis: Urgent calls for decentralized policing, legal reforms – Woode-Smith

© 2024 Bloomberg L.P.

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MAY HER SOUL REST IN PEACE 🙏 Veteran entertainment columnist and talent manager Lolit Solis has passed away. She was 78 years old. https://tinyurl.com/6kumarkx | LatestChika.com – Facebook

Beloved Entertainment Icon Lolit Solis Passes Away at 78 – A Life Remembered with Love and Respect 🙏

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