CT set to buy electricity from businesses, households - CT's energetic mayor using Level 6 crisis to achieve energy independence

Loading player...
The City of Cape Town is poised to use SA's electricity crisis to abrogate power over electricity supply long centralised in Pretoria - and intends to soon be buying solar panel-generated electricity from businesses and households. Its 35-year-old mayor Geordin Hill-Lewis, who campaigned ahead of last year's local elections on a promise to end loadshedding, says the unprecedented disruption of Eskom's supply of electricity has opened a legal door he intends kicking down. In this interview with BizNews.com's Alec Hogg, he outlines how the city will lead the way for other South African organisations to achieve independence by overturning SA's archiac laws on energy procurement. It is a watershed, he reckons, in the national devolution of political power. Learn more about your ad choices. Visit megaphone.fm/adchoices
12 Jul 2022 8AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: SA-Israel tension; Nvidia-OpenAI deal; US tariffs; Fed rate outlook; Energy Risks

In today's BizNews Daybreak, we explore global market pressures, starting with new US Section 301 tariffs affecting South Africa and 60 other economies. Former Israeli adviser Mark Regev discusses strained Pretoria-Israel relations and ICJ genocide charges. Furthermore, we preview upcoming central bank rate decisions, Nvidia’s potential $250B OpenAI data center…
26 Jul 11PM 14 min

Boardroom Talk: RIP RW Johnson - leaving a huge hole in your nation's heart

In today's Boardroom Talk, Alec Hogg confirms the death of RW Johnson, one of South African political writing's sharpest and most combustible voices, and reflects on a decade of working with him: the audiobook that started it, the necrotising fasciitis he refused to let slow him down, the Steenhuisen column…
22 Jul 5AM 19 min

Unlocking High-Yield Private Debt: The Jaltech Income Opportunities Fund

Join the leadership team at Jaltech for an exclusive overview of the new Jaltech Income Opportunities Fund - a spin-off from their highly successful Section 12J investment strategy. Designed to target structured debt funding for established, mid-sized South African businesses, this fund addresses an unserved niche left open by traditional…
24 Jul 5AM 29 min